Crypto ATM Fraud Prevention Act of 2025
Feb 25, 2025
Anti Crypto
This bill, titled the "Crypto ATM Fraud Prevention Act of 2025," mandates extensive registration and reporting requirements for virtual currency kiosk operators to the Treasury Secretary. It requires detailed disclosures to customers, physical receipts, and a refund policy for fraudulently induced transactions. The bill also imposes anti-fraud policies, including the use of blockchain analytics and the appointment of a compliance officer. For new customers, it introduces transaction limits and a requirement for live verbal confirmation for transactions over $500 to prevent fraud.
Current Status
This bill is currently in the legislative process and has not yet been passed into law.Analysis
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Votes
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0
(D)
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(R)
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Sponsor

F
Dick Durbin(D) Senator
Cosponsors (4)




F
Richard Blumenthal(D) Senator

F
Peter Welch(D) Senator

F
Jeanne Shaheen(D) Senator

F
Jack Reed(D) Senator
Voted For (0)
No votesVoted Against (0)
No votes