Stop Crypto ATM Scams Act
Sponsored By: Representative Casten, Sean [D-IL-6]
Introduced
Summary
Would create a federal registration and AML/anti‑fraud regime for digital asset kiosks. The bill would also require clear point‑of‑sale consumer protections and set nationwide transaction limits while coordinating with state regulators.
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 2 benefits, 0 costs, 3 mixed.
New limits on kiosk transactions
If enacted, the bill would cap how much you can use a digital asset kiosk. New customers could not transact more than $2,000 in any 24‑hour period and not more than $10,000 in total. Existing customers could not transact more than $7,500 in any 24‑hour period. These limits would take effect 180 days after enactment and would be updated for inflation every five years; the Treasury Secretary could also change limits by rule to fight fraud.
Required disclosures, receipts, and refunds
If enacted, operators would have to show clear written disclosures before each transaction. Disclosures would include a bold fraud warning, a statement that digital assets are not legal tender and not FDIC/NCUA insured, the asset type and ticker, the U.S. dollar price charged and a named market quote, and an itemized fee breakdown in dollars and percent. Operators would give a receipt with transaction and contact details and keep live customer service during extended hours. If a customer was fraudulently induced and files a complaint with required information and a law enforcement report within 90 days, the operator would have to refund charges within 30 days. The Treasury Secretary would issue guidance within 180 days to standardize disclosures.
Kiosk registration and state coordination
If enacted, operators would have to register each physical kiosk with the Treasury before operating and update that list at least every 90 days. Operators already in business would file an initial list within six months and a first update within 90 days after that. The Treasury would publish kiosk locations and operator contact information and require operators to give law enforcement a dedicated phone number and email. The bill would also define key terms like "new customer" and "market price" and would preserve state licensing and enforcement while preempting only new state rules that set different transaction caps after the law's effective date. Some definitions and the substantive kiosk rules would take effect 180 days after enactment.
Kiosk AML and blockchain screening
If enacted, kiosk operators would have to run anti‑money‑laundering programs and file them with FinCEN. Operators would be required to verify customer identity (including online pre‑registration), file suspicious activity and currency reports, and use blockchain analytics to screen wallet addresses on sanctions lists. Treasury must issue rules within 180 days to set these risk‑based controls and prevent multiple customers from using the same wallet address.
Scam warnings and anti-fraud rules
If enacted, operators would have to show clear scam warnings before customers use a kiosk and update those warnings each year. The Treasury would require operators to have a written anti‑fraud policy signed by senior management and to maintain processes to spot suspicious patterns. The Treasury, FBI, and FTC would also issue an initial fraud alert to operators within nine months and then annually to help spot new schemes and file suspicious activity reports.
Sponsors & CoSponsors
Sponsor
Casten, Sean [D-IL-6]
IL • D
Cosponsors
Rep. Salazar, Maria Elvira [R-FL-27]
FL • R
Sponsored 6/11/2026
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 9/1/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov