S 710
Crypto ATM Fraud Prevention Act of 2025
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Crypto ATM Fraud Prevention Act of 2025 aims to reduce fraud at cryptocurrency kiosks by requiring registration of operators with the Treasury Department, establishing regular reporting of kiosk locations, and implementing measures to protect customers from deceptive practices. The bill also mandates clear disclosures about transactions, requires receipts with detailed information, and establishes a process for refunds to customers who were fraudulently induced to use the kiosks. Finally, it introduces transaction limits for new customers and requires operators to utilize blockchain analytics to prevent fraudulent transactions.
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