This legislation mandates that digital asset kiosk operators register with the Department of the Treasury, providing physical addresses for all kiosks and contact details for their compliance officers. Operators must submit an initial list of locations and update it quarterly, with all registration information made publicly accessible. Existing operators are given a six-month period to comply with these initial registration requirements. To combat illicit finance, the bill requires operators to develop and implement comprehensive anti-money laundering (AML) programs , including reporting suspicious transactions and currency transactions. These programs must incorporate risk-based controls for customer identity verification and utilize blockchain analytics to monitor for sanctioned digital asset wallets. Furthermore, the bill establishes transaction limits: new customers face a $2,000 daily cap and a $10,000 total limit, while existing customers are limited to $7,500 daily. Significant provisions focus on consumer protection, requiring clear, written disclosures to customers before transactions. These disclosures must include warnings about potential losses, the non-legal tender status of digital assets, and itemized charges, including the difference between the charged price and market price. Operators must also implement robust anti-fraud measures , providing explicit scam warnings at kiosks and developing a written anti-fraud policy. Additional requirements include obtaining customer acknowledgment of disclosures and warnings, providing detailed physical or electronic receipts, and offering live customer service during extended business hours. The bill also mandates refunds for customers fraudulently induced into transactions, provided a law enforcement report is filed. While establishing federal standards, the legislation preserves the authority of state regulatory agencies for licensing and consumer protection, allowing for state-issued compliance decals and coordination with federal authorities.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Stop Crypto ATM Scams Act
USA119th CongressHR-9268| House
| Updated: 6/11/2026
This legislation mandates that digital asset kiosk operators register with the Department of the Treasury, providing physical addresses for all kiosks and contact details for their compliance officers. Operators must submit an initial list of locations and update it quarterly, with all registration information made publicly accessible. Existing operators are given a six-month period to comply with these initial registration requirements. To combat illicit finance, the bill requires operators to develop and implement comprehensive anti-money laundering (AML) programs , including reporting suspicious transactions and currency transactions. These programs must incorporate risk-based controls for customer identity verification and utilize blockchain analytics to monitor for sanctioned digital asset wallets. Furthermore, the bill establishes transaction limits: new customers face a $2,000 daily cap and a $10,000 total limit, while existing customers are limited to $7,500 daily. Significant provisions focus on consumer protection, requiring clear, written disclosures to customers before transactions. These disclosures must include warnings about potential losses, the non-legal tender status of digital assets, and itemized charges, including the difference between the charged price and market price. Operators must also implement robust anti-fraud measures , providing explicit scam warnings at kiosks and developing a written anti-fraud policy. Additional requirements include obtaining customer acknowledgment of disclosures and warnings, providing detailed physical or electronic receipts, and offering live customer service during extended business hours. The bill also mandates refunds for customers fraudulently induced into transactions, provided a law enforcement report is filed. While establishing federal standards, the legislation preserves the authority of state regulatory agencies for licensing and consumer protection, allowing for state-issued compliance decals and coordination with federal authorities.