Crypto ATM Fraud Prevention Act of 2025
S 710, the Crypto ATM Fraud Prevention Act of 2025, requires crypto kiosk operators (machines exchanging cash for digital currency) to register locations with the Treasury, provide clear transaction disclosures, and implement anti-fraud measures. Key provisions include mandatory physical receipts with detailed transaction info, $2,000 daily and $10,000 total limits for new customers, blockchain analytics to block fraudulent wallet transactions, and a 30-day refund window for victims of fraud with law enforcement reports. Operators must also appoint compliance officers, maintain anti-fraud policies, and provide 24/7 customer service helplines. The law applies to all U.S. and territory kiosks and preempts conflicting state laws while allowing stricter state protections.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
President
Introduced Feb 25, 2025
Last action Feb 25, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 25, 2025
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1347-1348; text: CR S1348-1350)
upper
Feb 25, 2025
Introduced
Introduced in Senate
upper
1 primary · 5 co-sponsors
Sponsors
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