Stop Crypto ATM Scams Act

The Stop Crypto ATM Scams Act requires digital asset kiosk operators to register their locations with the Treasury Department and makes this information publicly available. To combat fraud and money laundering, the bill mandates strict identity verification, transaction limits of $2,000 per day for new customers, and the use of blockchain analytics to monitor suspicious activity. Operators must also provide clear, standardized disclosures about fees and risks, display scam warnings, offer live customer support, and issue detailed receipts to users. Additionally, the law sets federal transaction limits that supersede state restrictions while allowing states to issue compliance decals and maintain their own licensing requirements.