U.S. Congress Introduces Bipartisan Bill to Curb Crypto ATM Fraud After $333M in Losses on June 11

According to Salazar's office announcement, U.S. Representatives María Elvira Salazar (R-FL) and Sean Casten (D-IL) introduced the Stop Crypto ATM Scams Act on June 11 to address crypto ATM fraud losses. Americans lost more than $333 million to crypto ATM scams in 2025, with reported losses rising 33 percent from the previous year according to FBI data cited in the release.

Older Americans carried most financial damage, with people age 60 and older accounting for more than 85 percent of known-age losses. The bill would impose strict transaction limits: new customers face a $2,000 daily limit and $10,000 total deposit limit during their first 14 days, while existing customers would be limited to $7,500 in daily transactions. Operators would be required to implement anti-money laundering programs, conduct customer due diligence, provide scam warnings, and offer timely refunds on fraudulent transactions.