Video & Transcript Research : 'crypto ATM'
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HI
Hawaii 2026 Regular Session
CPC Public Hearing - Thu Feb 5, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- Uh, there I think we need a House position on crypto ATMs.
- So I'm going to select on crypto ATMs.
- <01:25:05.440>
ATMs of cryptocurrency through uh crypto ATMs of cryptocurrency through uh - was correct that it is banning crypto was correct that it is banning crypto ATMs.<01:25:19.199><
- > to function for crypto ATMs as a way to function for crypto ATMs as a way to turn<01:25:23.679>
Keywords:
eviction, housing stability, tenant screening, court records, writ of possession, foreclosures, public sale, eligible bidders, housing, downpayment, judicial foreclosure, digital financial assets, consumer protection, financial kiosks, refunds, transaction security, HB1642, Hawaii, cryptocurrency ATM, crypto ATM
Summary:
The committee on Consumer Protection and Commerce met on February 5, 2026, and heard testimony on several bills, beginning with HB 227 relating to eviction records. Supporters, including the Public First Law Center and the Office of Hawaiian Affairs, argued the bill would help people who prevail in eviction cases avoid long-term housing harm from online court records, while the Public First Law Center said keeping records off eCourt Kokua would not violate the First Amendment because the records would still be available in person. Members discussed access-to-justice concerns, and a witness said legal aid attorneys could still access the records through the attorney-only Jeff’s system and the court’s access-to-justice room. The chair also asked about precedent, and a witness cited a Hawaii Supreme Court case as supporting removal from the online database rather than sealing records entirely.
The committee then took up HP 1775 relating to foreclosures, but the transcript only shows in-person opposition comments from the Hawaii State Bar Association Collection Law Section, the Hawaii Credit Union League, and the Hawaii Bankers Association. The credit union and banking groups said they had concerns about broader negative impacts on mortgage lending and other requirements, but no detailed discussion or action was captured before the committee moved on. The next measure, HB 1560 relating to consumer protection, drew support from the Office of Consumer Protection and cryptocurrency companies including Coinflip and America Digital, which said they already use wallet-pinning and other safeguards to prevent fraud. AARP Hawaii did not take a formal position but said the bill addressed a real problem, noting that Hawaii residents, especially in Kona, had lost more than $920,000 in 2024 to cryptocurrency ATM scams and arguing that stronger oversight was needed.
The committee also heard HB 1642, which would ban cryptocurrency kiosks. The Office of Consumer Protection supported the ban as the best way to protect consumers from fraud, while Coinflip, Bitcoin Depot, and America Digital opposed it, arguing kiosks provide cash-based access to crypto, especially for unbanked or underbanked consumers, and that targeted regulation would be better than an outright ban. AARP Hawaii took no formal position but strongly emphasized the harm caused by scams, saying victims are often frightened into acting quickly and that kiosk transactions currently lack enough friction or intervention. Finally, HB 1647, also on consumer protection, would impose liability on host businesses that provide space for crypto kiosks. The Office of Consumer Protection warned small businesses might not understand the liability, while Coinflip, Bitcoin Depot, and America Digital opposed the bill, saying it would unfairly shift enforcement duties to host stores and could discourage businesses from hosting kiosks, effectively creating a de facto ban. No votes or final committee actions were taken in the portion of the meeting provided.
HI
Transcript Highlights:
- We're a crypto kiosk operator here in the state of Hawaii. We have 24 kiosks across four islands.
- We're a crypto kiosk operator here in the state of Hawaii. We have 24 kiosks across four islands.
- We are the largest crypto kiosk operator in the world.
- And some of the data that we're hearing about the amount of scams happening through crypto kiosks, if
- be treated the same way as other crypto be treated the same way as other crypto companies<00:24:
Keywords:
consumer protection, unsolicited mail, unsolicited email, junk mail, spam email, deceptive marketing, misleading solicitation, high-pressure sales, vehicle warranty, auto warranty, service contract, home warranty, license renewal, registration renewal, government impersonation, affiliation disclosure, direct mail, email marketing, consumer fraud, refund
Summary:
The committee heard several consumer-protection and insurance measures. HB 1511 HD2 would prohibit unsolicited mail or email using high-pressure tactics or falsely implying affiliation with another entity; it drew support from the Office of Consumer Protection, the DCCA Insurance Division, and the Service Contract Industry Council, with some written support and at least one opposition. HB 1535 HD2, concerning automated external defibrillators and a tax-related provision for devices installed in certain public accommodations, received comments from DOTAX and the Tax Foundation, with additional support from the Department of Health and other groups. HB 1642 HD1 would ban ownership or operation of digital financial asset transaction kiosks that accept U.S. currency; it was strongly supported by OCP, the Attorney General, and AARP, while kiosk operators and industry representatives opposed the ban and urged a regulatory approach instead, including licensing, transaction limits, refunds, and other safeguards. Members questioned whether federal action could preempt the bill and whether a licensure regime could be funded through a surcharge, but no action was taken during the discussion.
The committee also took up HB 1753 on social media account deletion and permanent erasure of personal information, with OCP standing on its initial comments and TechNet and Will Caron in support. HB 1810 HD2 would impose prompt payment and financial reporting requirements on professional solicitors selling donated tangible property on behalf of charities; Goodwill Hawaii testified in strong support, emphasizing donor trust and transparency, and several nonprofit and business groups submitted supportive testimony. HB 2282 HD1, which would require explanations for premium increases and clarify insurance licensing and cancellation/non-renewal procedures, was supported by the Insurance Division and OCP; a vice chair asked for complaint data related to condo associations, and a member noted that the same agencies had previously opposed similar Senate bills. Finally, HB 2614 HD1 would require cosmetics merchants to accept returns of new or unopened goods within specified time frames and improve signage requirements; OCP said the bill addressed longstanding complaints about high-pressure sales tactics and no-return policies, citing over 180 complaints and survey results showing most complainants did not understand the policy and felt misled.
TX
Transcript Highlights:
- Crypto kiosks or crypto ATMs, there are only seven states out of the 50 in the United States that have
- The other photograph you're seeing is a standalone ATM. ...and a standalone crypto ATM.
- How many of those crypto ATMs do we have in the state?
- Red dots represent a crypto ATM.
- Luckily, the crypto ATM company...
Keywords:
SB 383, ERCOT, Texas Utilities Code, interconnection, wind power facility, offshore wind, coastal wind, nearshore wind, Gulf of America, Texas coast, three marine leagues, electric grid, transmission line, distribution facility, renewable energy, battery storage, energy storage, grid access, power grid, electric service
TX
Transcript Highlights:
- kiosks or crypto ATMs, and said that without regulation it was a serious problem.
- He said that in the two photos, the machine on the right was a combination crypto ATM and regular ATM
- He said the other photograph showed a standalone ATM and a standalone crypto ATM.
- like a regular ATM, which is why many people do not realize how many crypto ATMs are in the area.
- The most crypto ATM fees are anywhere from 24 to 28% fee.
Keywords:
SB 383, ERCOT, Texas Utilities Code, interconnection, wind power facility, offshore wind, coastal wind, nearshore wind, Gulf of America, Texas coast, three marine leagues, electric grid, transmission line, distribution facility, renewable energy, battery storage, energy storage, grid access, power grid, electric service
Summary:
The committee took up a long list of pending bills before moving to several bills on the day’s posting. It reported favorably SB 438, SB 512, SB 647, SB 648, SB 715, SB 758, SB 1964, SB 2121, SB 2145, SB 2167, SB 2330, SB 2349, SB 2443, SB 2629, SB 2702, SB 1495, and SB 2268, with several of those adopted from committee substitutes. Some measures were sent to the local and uncontested calendar, while others were reported to the full Senate. Votes on the pending-business bills were generally strong, though SB 715 and SB 2330 drew recorded opposition; SB 647 and SB 648 had one member present not voting because of confusion over the deed-related bills.
A major discussion centered on SB 715, which would establish a reliability standard and penalties/incentives for generation resources. Senator Sparks said the committee substitute would avoid unfairly penalizing existing dispatchable generation, allow wind and solar to qualify through storage or backup power, give the PUC flexibility to set standards and phase in the program, and exempt switchable units. Critics raised concerns that it could raise consumer costs and destabilize the market, while supporters argued it would improve reliability. The committee substitute was adopted and the bill was reported out 6-4.
The committee also heard testimony on SB 2330, dealing with payroll deduction for association dues, where the author said the bill would end state involvement in dues collection except for first responders covered by meet-and-confer agreements. Members questioned why teachers and other employees were treated differently, and the bill was reported out 6-5. Other notable bills included SB 2864 on building-integrated photovoltaics, SB 1012 on sale of surplus state property, SB 2221 on fraudulent UCC filings, SB 1705 regulating cryptocurrency kiosks with licensing, transaction limits, fee caps, and a 72-hour hold, SB 1181 on combative sports licensing, SB 2586 on HOA transparency, SB 2075 as a TDLR cleanup bill, and SB 383 restricting offshore wind interconnection based on impacts to shipping, wildlife, and coastal interests. Several of these were left pending after testimony, with SB 1705 drawing both law enforcement support and industry concerns over the fee caps and limits.
NH
Transcript Highlights:
- This is about Bitcoin crypto ATM kiosks, This is about Bitcoin crypto ATM kiosks, uh,<00:20:20.160>
- The losing money through crypto ATMs.
- <00:43:37.440>
ATMs experience shows that these crypto ATMs experience shows that these crypto- Um, so I thought uh just as crypto ATMs.
- crypto ATMs were from theft losses that crypto ATMs were from this<01:35:55.920>
population <01
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- People think of it like an ATM, but an ATM for a traditional bank is almost a loss leader.
- Cryptocurrency ATMs, also known as crypto kiosks or virtual currency kiosks, look like bank ATMs and
- Cryptocurrency ATMs, also known as crypto kiosks or virtual currency kiosks, look like bank ATMs and
- She deposited $18,000 into a crypto ATM and is now worried about her financial future.
- Just as banks offer physical locations as well as physical ATMs, it makes sense that crypto would also
Summary:
The committee heard testimony on several financial services bills, with the main focus on cryptocurrency kiosk regulation, financial literacy, and earned wage access. Legislators and witnesses described widespread crypto-related scams targeting older adults, often involving impersonation, urgency, spoofed phone numbers, and rapid transfers through kiosks that are difficult to trace or recover. Supporters of the kiosk bills said Massachusetts needs licensing, registration, transaction limits, warning notices, receipts, refund protections, and other safeguards; some also urged a “pause” or hold on transactions to give victims time to reconsider and allow law enforcement to intervene. The Attorney General’s office, AARP, local law enforcement, and several prosecutors and sheriffs backed the consumer-protection approach, while Bitcoin Depot supported a narrower regulatory framework but opposed low fee caps and strict daily limits, arguing they would function like a ban and reduce legitimate use.
Witnesses from Waltham police, Middlesex and Essex County law enforcement, and the AG’s office said crypto scams are growing quickly, losses are often unrecoverable once funds move, and current tools are limited. They described cases involving elderly victims losing thousands of dollars, and said warnings alone are not enough because scammers keep victims on the phone and guide them through the process. Some witnesses said a temporary hold or refund mechanism has worked in at least one case, while others emphasized that transaction limits and visible disclosures could reduce harm even if they do not stop fraud entirely. The AG’s office also said it would submit written opposition to separate earned wage advance legislation, while DailyPay testified in support of that bill, saying earned wage access helps workers bridge short-term gaps without debt or credit reporting.
The committee also heard support for mandatory financial literacy education from Representative Jim Hawkins, who said high school students need instruction on credit, debt, and inflation before they enter adulthood. In addition, the committee took testimony on litigation financing bills from insurance industry representatives, who argued for disclosure and regulation of predatory litigation lending and warned about foreign interference and reduced plaintiff recoveries. No votes or final actions were taken during the hearing; members asked questions throughout, and the chair noted the need to move testimony along because of time constraints.
KY
Kentucky 2026 Regular Session
Senate Standing Committee on Banking and Insurance. (2-24-26)
Banking & Insurance
Transcript Highlights:
- They're also called crypto ATMs. >> and a second?
- Crypto ATM fraud is a large and growing problem.
- use crypto ATMs to steal and scammers use crypto ATMs to steal mil<00:07:20.240>
millions. - crypto ATMs under false pretenses. crypto ATMs under false pretenses.
- regulating crypto ATMs and that includes regulating crypto ATMs and that includes daily<00:12:21.120
Keywords:
Meeting Start 00:00
Call to Order and Roll Call 00:01
Discussion SB 157 00:23
Vote SB 157 05:22
Discussion SB 189 05:57
Vote SB 189 26:49, 958, all
Summary:
The committee first took up Senate Bill 157, which would align Kentucky’s mortgage loan fee rules with federal standards by exempting certain first and second mortgages from the state’s total net income cap when they meet federal points-and-fees thresholds. The sponsor and Rocket Mortgage testified that the bill would make it easier for borrowers to buy down mortgage interest rates with discount points, helping affordability without changing borrower costs, while preserving the existing 4% cap for loans outside the federal standard. Members discussed how rate buydowns work in practice, and the bill passed with a favorable expression after a roll call vote.
The committee then heard Senate Bill 189, as amended by a committee substitute, which would create a licensing and regulatory framework for virtual currency kiosks, or crypto ATMs, in Kentucky. The sponsor described widespread scam losses tied to these kiosks, especially among older adults, and said the bill would add consumer protections such as licensing, financial safeguards, transaction limits, refund or hold requirements, disclosures, receipts, and enforcement authority for the Department of Financial Institutions. He also said the substitute was based on other states’ models and that further changes might be needed, including possible floor amendments.
AARP Kentucky testified in support of regulating crypto kiosks but said the committee substitute weakened consumer protections and urged stronger safeguards, including lower transaction limits, fee caps, identity verification, receipts, and scam warnings. AARP representatives cited data on scam complaints and losses in Kentucky and nationally, and said the point of transfer is the best place to prevent harm. Committee members generally agreed the issue was consumer protection, but one senator cautioned against overregulating personal financial choices and noted that scams exist in many forms. The discussion ended with acknowledgment that the bill would continue to be refined, including in coordination with the House and stakeholder groups.
MN
Minnesota 2025-2026 Regular Session
Banning cryptocurrency kiosks 2/26/26
Minnesota House Floor Meeting
Transcript Highlights:
- for people to buy crypto.
- local crypto cryptocurrency kiosks. local crypto cryptocurrency kiosks.
- Crypto kiosks resemble traditional ATMs and are often located in places like gas stations and grocery
- Crypto kiosks resemble traditional<00:23:58.480>
ATMs <00:23:59.039>and <00:23:59.280>- into a um a crypto kiosk. into a um a crypto kiosk.
Summary:
The committee heard House File 3642, as amended by the DE1, which would prohibit virtual currency kiosks in Minnesota. The author, Chair Kaggel, said the bill is intended to stop scammers from using crypto kiosks to defraud vulnerable people, especially older adults, because the transactions are often irreversible and hard to trace. Representative Perryman spoke in support, describing local fraud cases and saying the issue had come to her attention through St. Cloud residents and police. The bill was laid over for further work with the Department of Commerce and other interested members.
Testimony from law enforcement and advocates strongly supported the ban. A St. Cloud police sergeant said the problem is statewide and described a case in which a 78-year-old woman lost $80,000 after being directed to a kiosk. A Woodbury detective said current safeguards, including warnings, limits, and refund provisions, have not stopped weekly victimization and that scammers coach victims to bypass protections. An AARP Minnesota volunteer said kiosks are a preferred vehicle for scammers because they move stolen funds quickly and are especially harmful to older adults, and he noted that the 2024 consumer protections have not been enough.
The Department of Commerce also supported the bill, saying crypto kiosks are a growing fraud vector and citing 120 complaints over three years, nearly $1 million in reported losses, and 70 cases with $540,000 in losses already in 2025. The department said many victims do not report losses, so the true amount is likely higher. In contrast, Coinflip’s general counsel opposed a ban and argued that fraud should be addressed through stronger regulation, refunds, blockchain analytics, and customer-service requirements rather than prohibiting a legal product. He said scams would continue through other channels if kiosks were banned. In discussion, members asked about the number of kiosks, how long they have been operating in Minnesota, and the scale of losses; the department said there are about 350 licensed kiosks operated by 8 to 10 operators, though the total number may be higher.
HI
Hawaii 2025 Regular Session
CPC Info Briefing - Wed Dec 3, 2025 @ 10:00 AM HST
Hawaii House Floor Meeting
Transcript Highlights:
- crypto through an ATM.
- Um crypto ATM government scams. Uh we went over that, too.
- Crypto ATM government scams. Uh we went over that, too.
- Um the crypto ATMs, all of that.
- at storing that ATM for months, if not years. >> So the ATM or the crypto ATM company is going to be
Summary:
The committee held an informational briefing on fraud in the community, with presenters from ARP, CoinFlip, HPD, the Hawaii Bankers Association, DCCA’s Office of Consumer Protection, and the Department of Law Enforcement. The chair described widespread scams targeting kupuna and other residents, including impersonation of grandchildren, lottery/inheritance schemes, romance scams, online shopping fraud, investment scams, and tech-support scams. Members emphasized the emotional manipulation used by scammers, the difficulty of getting victims to report losses, and the need to educate the public on warning signs and available resources.
ARP said scams are an epidemic and highlighted national data showing major losses among older adults, including $4.8 billion lost by people age 60 and over in 2024. ARP focused especially on cryptocurrency kiosks as a growing scam channel in Hawaii, citing 64 complaints totaling $922,000 in 2024 and noting that complaints nearly doubled from the prior year. ARP urged stronger safeguards such as limits on transactions, refunds, live customer support, and a law-enforcement contact for operators, and said its Fraud Watch Network can help victims freeze credit, identify next steps, and track current scams. The chair said he intends to introduce legislation to lower and ultimately eliminate the amount of Bitcoin that can be purchased through ATMs.
CoinFlip said it supports consumer-protection regulation and described its compliance practices, including scam warning screens, anti-money-laundering controls, blockchain analytics, wallet pinning, transaction monitoring, and cooperation with law enforcement. The company said it is registered as a money services business, files suspicious activity and currency transaction reports, and holds money transmitter licenses in many jurisdictions. It also pointed to Illinois-style refund protections for new users and said it refunds fees to scam victims, though not the underlying funds. In response to committee questions, members and the company discussed whether crypto kiosks are necessary, how scams can be traced, and whether banks and kiosks can better intervene when suspicious activity is detected.
MN
Transcript Highlights:
- So taking crypto in present day ATMs.
- > we can restrict the crypto ATMs but in a we can restrict the crypto ATMs but in a way<01:15:11.920>
- one was to ban uh crypto ATMs in St. one was to ban uh crypto ATMs in St.
- no we'll ban crypto ATMs, which has no we'll ban crypto ATMs, which has no relation<01:31:43.280>
- > we're will ban crypto currency ATMs and we're will ban crypto currency ATMs and we're really<01
Summary:
The Senate opened with a prayer, pledge, and roll call, confirmed a quorum, and then moved through routine business including first reading and referral of Senate File 5019 to the Health and Human Services Committee, along with referral of Senate resolutions 73 to 75 to Rules and Administration. Senator Westrom’s motion to withdraw Senate File 3893 from Finance, give it a second reading, and place it on general orders was adopted.
The chamber then took up House File 3556, which renames Minnesota’s Community Solar Garden Program as the Melissa Hortman Community Solar Garden Program. Senator Hoffman presented the bill as a tribute to Speaker Melissa Hortman’s role in creating and advancing community solar in Minnesota, with Senator Marty and others supporting the recognition. The bill was read a third time and passed on final passage by a vote of 59-7, with the title agreed to.
Senate File 1251 followed, a bipartisan bill to remove the June 2026 sunset on crossbow use during archery season and make the allowance permanent. Senator Pa and supporters cited a DNR study showing no negative impact on deer or turkey populations and argued the change would improve participation among women, youth, and older hunters. An A3 technical amendment was adopted, and the bill passed 67-0.
The Senate then considered Senate File 3868, a bill to ban cryptocurrency kiosks in Minnesota due to fraud concerns. The author and supporters described widespread scams targeting seniors and others, citing losses in Minnesota and national fraud data. An A2 amendment requiring lawful-presence verification for foreign remittance transfers was ruled not germane, and the chair’s ruling was upheld on a 34-33 appeal. Debate then began on an A3 amendment related to cash transfers through airports, with members arguing over germaneness and the scope of the fraud-prevention bill.
DE
Delaware 2025-2026 Regular Session
Senate Banking, Business, Insurance & Technology Committee Meeting Jun 24th, 2026
Banking, Business, Insurance & Technology
Transcript Highlights:
- ATMs, from our local communities.
- Nationally, crypto ATM fraud losses have skyrocketed from $12 million annually to hundreds of millions
- While an online exchange charges between 0.1 and 1.5 percent for a trade, crypto ATMs commonly charge
- about crypto fraud without being aware of crypto kiosks.
- My area of focus has been the cash-to-crypto industry, specifically crypto ATMs, for the last five years
Bills:
HB373
Keywords:
infused beverages, THC, alcohol control, regulation, non-intoxicating cannabinoids, marijuana, legalization, taxation
Summary:
The Senate Banking, Business, Insurance & Technology Committee met in hybrid format and heard testimony on several bills. HB 373, as amended, would regulate hemp-derived THC-infused beverages by defining the products, limiting them to 10 mg of Delta-9 THC per container, restricting sales to package stores and licensed marijuana retail stores, requiring testing and labeling, and imposing a 50-cent per container tax; the sponsor said the bill is intended to create guardrails and protect youth, and a wholesaler representative testified in support. HB 398 would allow racinos to serve alcohol until 2 a.m. and remove local authority to require earlier closing times; the sponsor and Bally’s representative said it would help Delaware remain competitive and increase revenue, and no opposition was heard. HB 433 would let municipalities and counties extend last call for bars, restaurants, and clubs from 1 a.m. to 2 a.m.; a witness from Connect Delaware supported it as a competitiveness and retention measure, emphasizing that it is permissive rather than mandatory.
The committee also heard extensive testimony on HB 441, which would ban cryptocurrency kiosks/crypto ATMs in Delaware and require existing machines to be removed within 90 days. The sponsor and supporters, including AARP, the Delaware Department of Justice, and the League of Women Voters, argued the machines are heavily used in scams, especially against older adults, and that regulation has not been effective. CoinFlip opposed the bill, saying it is a regulated operator, that the fraud statistics are overstated or incomplete, and that Delaware should instead adopt a regulatory framework and amendment. HB 465 would update the criminal code to formally define virtual currency and incorporate it into theft, money laundering, racketeering, and search-and-seizure provisions; the sponsor said it would align Delaware law with modern crypto-related crimes, and no opposition was presented.
The committee then heard HB 467, which would prevent landlords from requiring renters to buy insurance from a specific company while still allowing them to require coverage meeting lease terms; the sponsor described it as a consumer-choice bill and there was no public opposition. HB 435 would require payment parity for certified registered nurse anesthetists and physicians when the same services are provided; the sponsor, nurse anesthetists, the Delaware Health Care Association, the Department of Insurance, and ChristianaCare supported it as a workforce and access-to-care measure, with no opposition. Finally, HS 1 for HB 450, the Road DE Act, would overhaul permitting and traffic-impact review, emphasize peak-hour traffic, set density standards in growth areas, create a transportation impact fee, and direct some revenue to open space, farmland, and coastal restoration; realtors, builders, environmental groups, engineers, and GEAR supported it as a way to speed permitting, reduce sprawl, and improve infrastructure planning. The committee adjourned after public comment; no votes were recorded in the transcript.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 2/26/26
Commerce Finance and Policy
Transcript Highlights:
- support for uh prohibiting these ATMs. support for uh prohibiting these ATMs.
- local crypto cryptocurrency kiosks. local crypto cryptocurrency kiosks.
- Crypto kiosks resemble traditional<00:25:37.600>
ATMs <00:25:38.159>and <00:25:38.400>- happens at an ATM? happens at an ATM?
- crypto kiosk.
Keywords:
virtual currency, kiosks, prohibition, customer payouts, cryptocurrency regulation, consumer privacy, data privacy, health data, sensitive data, Minnesota Consumer Data Privacy Act, personal data, data broker, targeted advertising, geofencing, location tracking, health care privacy, patient privacy, consent, minor privacy, children's privacy
Summary:
The Commerce Finance and Policy Committee met on House File 3642, which would prohibit virtual currency kiosks in Minnesota. The bill was laid over, and the committee adopted a DE1 author’s amendment. Chair Kaggel and Representative Perryman described the measure as a response to widespread scams using crypto kiosks, especially against older adults and other vulnerable people, and said they would continue working with the Department of Commerce and other stakeholders.
Testimony from law enforcement and advocates strongly supported the ban. A St. Cloud police sergeant and a Woodbury detective described cases in which victims lost large sums, said the current safeguards and refund rules are being bypassed, and argued that the kiosks are difficult to investigate because funds move quickly and often overseas. An AARP Minnesota volunteer also supported the bill, saying kiosks are a preferred tool for scammers and that existing protections have not kept pace with the problem. The Department of Commerce said it strongly supports the bill and reported that it has received 120 complaints over three years involving nearly $1 million in reported losses, with 2025 the worst year so far.
The main opposition came from CoinFlip’s general counsel, who argued that the problem is fraud generally, not kiosks themselves, and said Minnesota already has consumer protections, including refunds for eligible victims. He urged stronger regulation rather than a ban, citing blockchain analytics, hold periods, and 24-hour customer service as alternatives. Committee members then asked questions about how long kiosks have operated in Minnesota, how many there are, who owns them, and the scale of losses; Commerce said there are hundreds statewide, operated by a variety of companies, and that reported losses are likely undercounts.
TX
Texas 89th Regular
Pensions, Investments & Financial Services Mar 24th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- We get very little support from the crypto ATM operators.
- These crypto ATMs are everywhere, and when I tell you everywhere, I have a photograph of a crypto ATM
- Or the other thing they can do is go to a crypto ATM.
- ATM, or an ATM wallet, or a crypto wallet, shall we say.
- Regarding crypto ATMs, if my memory serves me correct...
Keywords:
local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds
TX
Texas 89th 2nd C.S.
Pensions, Investments & Financial Services Mar 24th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- Crypto ATMs are a massive problem for us in law enforcement.
- Or the other thing they can do is they can go to a crypto ATM.
- No, so the crypto ATM and it's, it's, it's very Maybe ATM is not the correct wording for it.
- ATM or, or an ATM wallet or a crypto wallet, shall we say.
- I do know some of the crypto ATM providers are now requiring.
WA
Washington 2025-2026 Regular Session
Senate Business, Financial Services & Trade Dec 4th, 2025
Transcript Highlights:
- They're often referred to as crypto kiosks or Bitcoin ATMs, so you might hear that terminology.
- So they are just like an ATM except they're using the crypto account as the... Yeah.
- Like an ATM except they're using the crypto account as the funding source.
- Yes, you can redeem your So they are just like an ATM except they're using the crypto account as the.
- Yeah. like an ATM except they're using the crypto account as the funding source.
Summary:
The committee first heard a work session on cryptocurrency kiosks from the Department of Financial Institutions and Spokane City Councilmember Paul Dillon. DFI described crypto kiosks as licensed money transmission terminals that allow cash purchases of virtual currency, and said the main concern is fraud: scammers often pressure victims, especially older adults, to deposit cash into kiosks and send it to wallets controlled by organized crime. DFI cited a sharp increase in kiosk volume, nationwide fraud complaints and losses, and said Washington currently has licensing and disclosure rules but lacks transaction and fee limits. The department said it is seeking stronger disclosures, a $1,000 daily transaction limit, and a fee cap. Spokane described its unanimous ordinance banning new kiosks and removing existing ones after local scam reports, and members asked about how the machines work, whether the fraud is in the hardware or the transaction, and whether stronger warnings or screening could help.
The committee then reviewed home equity sharing agreements, or CHISAs, based on a report by Mariana Amaram and testimony from DFI and industry representatives. The report found that CHISAs provide homeowners a lump sum in exchange for a share of future home value or appreciation, with no monthly payments, but that consumers often struggle to understand the products and settlement calculations. The report said the market has grown quickly in Washington, that costs can be hard to predict, and that early uncapped contracts could produce very high settlement amounts, especially during periods of rising home prices. DFI said it views these products as mortgage loans and is moving forward with rulemaking, including counseling and clearer disclosures, while industry witnesses said the products are equity-based rather than debt-based and asked for tailored regulation. Members discussed the need for better consumer education, clearer payoff schedules, and whether the products should be treated as mortgages or a separate category.
The final panel focused on Washington’s space economy, with presentations from Amazon Leo, Blue Origin, Stoke Space, Space Northwest, and Green River College. Speakers highlighted major in-state investments in satellite manufacturing, launch systems, and workforce training, including Amazon Leo’s Redmond and Kirkland facilities, Blue Origin’s Kent headquarters, and Stoke Space’s Kent manufacturing and Moses Lake test site. Space Northwest presented data showing the sector’s growing economic footprint, high-wage jobs, and regional clusters in Kent and Redmond, and urged more workforce programs, incentives, infrastructure support, and a state space commission. The companies emphasized local hiring, apprenticeship and certification programs, and the role of Washington’s aerospace supply chain in supporting the broader space industry. No votes were taken during the transcript excerpt.
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Dec 5th, 2025
Transcript Highlights:
- ATMs.
- We know there are crypto ATM bills that are out there that have been enacted by about 20 different states
- that those crypto ATM machines should be banned?
- We do see in Clark County, Washington, a high number of folks depositing funds into crypto ATMs.
- We do see in Clark County, Washington, a high number of folks depositing funds into crypto ATMs.
Summary:
The committee began with a work session on the Joint Legislative Audit and Review Committee’s cannabis market study, presented by JLARC staff member Susanna Pratt. The report found Washington’s cannabis production in 2023 was likely two to three times higher than retail sales, with production estimated at 292,000 to 443,000 pounds of THC versus 139,000 pounds sold. Pratt explained that canopy data are inconsistent and that the Liquor and Cannabis Board’s traceability system is incomplete and unreliable, limiting data-driven regulation, tax verification, recall tracking, and diversion enforcement. JLARC recommended that LCB submit a plan by the end of 2025 for obtaining accurate licensee data by the end of 2026; LCB partially concurred and said a 2027 timeline may be more realistic. JLARC also concluded that the social equity producer licenses would likely have only a minimal effect on statewide production capacity, and suggested the legislature consider broader ways to increase equity in the industry. Members asked about the slow issuance of social equity licenses and about comparable traceability systems in other states.
The committee then heard a series of presentations on fraud and scam prevention. Paul Benda of the American Bankers Association described the scale of fraud losses, the role of telecom spoofing, social media scam ads, SIM farms, and crypto ATMs, and argued for a shared-responsibility approach involving banks, telecoms, and platforms. Katie Clark of IQ Credit Union described member-to-member fraud, romance scams, and the operational and financial impacts on credit unions, and recommended better information sharing, safe harbors for returning scam-related funds, and stronger fraud education. Kyle Innes of SIFMA highlighted investor fraud and Washington’s 2009 report-and-hold law, which he said helped shape similar protections in most states, and emphasized the need for better communication among financial firms, APS, and law enforcement.
Brian Gerard and Ali Higgs from the Department of Financial Institutions discussed “pig butchering” and other investment scams, focusing on how scammers build trust through social media, dating apps, fake websites, and crypto schemes before extracting funds. Across the fraud presentations, witnesses repeatedly stressed consumer education, interagency information sharing, and stronger controls on telecom, social media, and crypto ATM activity. Members asked about model laws from other states, the role of financial education in schools, and whether crypto ATMs should be regulated or banned. No votes or formal committee actions were taken during the meeting.
FL
Florida 2025 Regular Session
December 9, 2025 - 12:30 PM
Transcript Highlights:
- I WILL REFER TO THEM AS CRYPTO ATMS. THAT'S WHAT A LOT OF PEOPLE CALL THEM.
- NOW WITH THE BAD GUYS ARE USING ARE THESE CRYPTO KIOSKS. THESE CRYPTO ATMS.
- ATMS TO GET THEIR MONEY.
- HE USED SEVEN DIFFERENT CRYPTO ATMS IN THE COMMUNITY TO PUT THAT MONEY IN ALL WITHIN 30 DAYS.
- ATMS.
KY
Kentucky 2026 Regular Session
House Standing Committee on Banking and Insurance. (3-4-26)
Banking & Insurance
Transcript Highlights:
- It deals with crypto.
- It deals with crypto.
- It deals with crypto. So the stores. It deals with crypto.
- According to Coin ATM Radar, at least 470 crypto machines are in operation today across the Commonwealth
- According to Coin ATM Radar, at least 470 crypto machines are in operation today across the Commonwealth
Keywords:
Meeting Start 00:00
Call to Order and Roll Call 00:29
Discussion SB 153 01:25
Vote SB 153 10:35
Discussion SB 118 11:36
Vote SB 118 12:48
Discussion HB 380 13:40
Vote HB 380 40:12, 958, all
Summary:
The House Standing Committee on Banking and Insurance met with a quorum and took up three bills. Senate Bill 153, sponsored by Sen. Greg Elkins, aimed to combat insurance fraud tied to post-disaster contractor scams. Testimony from the Attorney General’s Office and committee members described problems involving roofing, siding, and debris-removal scams, including vandalism used to create claims and companies that disappear before victims can recover losses. The bill would expand enforcement tools by making certain vandalism-related conduct criminal, giving the Attorney General concurrent jurisdiction with local prosecutors, creating a post-disaster contractor registry, and banning door-to-door solicitation during declared emergencies. The committee approved the bill by roll call and sent it forward with a favorable recommendation.
Senate Bill 118, sponsored by Sen. Brandon Storm, addressed credit property insurance offered by consumer loan companies. The sponsor and a representative of the Kentucky Consumer Finance Association explained that the product has been offered for years and that the bill would provide statutory authority for its continued use. The committee raised no substantive objections, and the bill passed on a roll call vote with a favorable recommendation.
House Bill 380, sponsored by Rep. Tom Smith, focused on regulating cryptocurrency kiosks in convenience stores to curb fraud against seniors. The committee heard emotional testimony from a sheriff and a fraud victim describing scams that led victims to deposit cash into crypto kiosks, often under pressure from callers posing as authorities or relatives. AARP Kentucky supported the bill, citing widespread losses to older adults and the need for guardrails. A committee substitute was adopted that would cap daily transactions at $2,000, require fee disclosure and customer consent, impose licensing and compliance requirements, mandate identification for transactions, and add criminal penalties and Attorney General enforcement. Members discussed the bill’s scope, including that it would not address gift card scams, and noted the delayed effective date was requested so regulators could write rules. The committee adopted the substitute and then passed the bill favorably on roll call.
MS
Mississippi 2026 Regular Session
Accountability, Efficiency, Transparency - Room 210, 3 March, 2026; 2:30 P.M.
Accountability, Efficiency, Transparency
Transcript Highlights:
- where you would likely find an ATM, but they are not an ATM even though they look like them and may be
- you would likely find an ATM, but they are not an ATM even though they look like them and may be located
- You're going to crypto kiosk.
- And the property owner where the ATM, or excuse me, not an ATM, that's a Bitcoin ATM, yes, but the digital
- And the property owner where the ATM, or excuse me, not an ATM, that's a Bitcoin ATM, yes, but the digital
Summary:
The committee first took up House Bill 1596, which Senator Johnson explained as a companion to another crypto-kiosk bill. He said the measure was being used to open the code and remove new kiosk language temporarily while lawmakers work on a regulatory framework for crypto kiosks, which are being used in scams involving callers posing as law enforcement and directing victims to deposit cash into kiosks. Members discussed the lack of reporting and registration data, the estimated number of kiosks in the state, and whether regulation might require identification and registration of the devices. The committee adopted the motion for title sufficient, do pass as amended, and reported the bill out.
The committee then considered House Bill 859, which would eliminate the in-person absentee voting envelope while keeping the 45-day in-person absentee voting period and existing excuse requirements. Senator England said voters would still complete an affidavit and cast the ballot directly into an OMR machine, and he noted that circuit clerks preferred this version. The committee asked a few clarifying questions and then passed the bill, reporting it out.
Next was House Bill 925, the CLEAR Act, which Senator McMahan described as a revised PEER-related bill that had been worked on with the governor’s office after a prior veto. He outlined provisions creating a PEER review program for agency rules, Medicaid transportation evaluations, a State Board of Health Professions, changes to the corporation work initiative program, and PEER subpoena and enforcement language. An amendment was adopted to delete the subpoena-related sections that had raised constitutional concerns and to retain the reverse repealer. After questions about the advisory role of the new board, the committee passed the bill as amended.
The committee also heard House Bill 1171, a strike-all that Senator Sparks said would mirror a Senate bill on grant transparency. The measure would require clearer grant objectives, objective eligibility criteria, disclosure of conflicts and board relationships, reporting by grantees and subgrantees, and signed documentation under penalty of perjury with CPA review. Members asked about enforcement, and Senator Sparks said improper reporting could lead to loss of funds, audits, and possible criminal consequences. The committee adopted the strike-all and reported the bill out. Finally, the committee considered House Bill 1393, which would create an energy development fund at the Mississippi Development Authority for long-term infrastructure planning tied to large industrial energy users. Members asked whether the fund would cover water resources as well as electricity; the sponsor said it was intended for energy infrastructure, not water, and was aimed at large industrial projects such as steel mills. The committee adopted the strike-all and moved to report the bill out.
NH
Transcript Highlights:
- I own crypto. I've responsibly used a crypto ATM. I love technology.
- <00:30:54.440>
reasonable crypto ATMs to operate with reasonable crypto ATMs to operate with - I own crypto. I've responsibly used a crypto ATM. I love technology.
- I own crypto. I've responsibly used a crypto ATM. I love technology.
- I've responsibly used a crypto ATM. I I've responsibly used a crypto ATM.