To fight scams, Senate bill would limit transactions at crypto ATMs [MSNBC.com]
Bitcoin Depot Inc. - Class A (BTM)
Company Research
Source: MSNBC.com
Illinois Sen. Dick Durbin announced legislation Tuesday that would institute sweeping new regulations for the nation’s crypto ATM industry.The machines have come under increasing scrutiny as the kiosks are used for scams where victims havelost thousands of dollarsThe Crypto ATM Fraud Prevention Act would prevent“As our technology has evolved and become more sophisticated, so have scammers,” Durbin, the top Democrat on the Senate Judiciary Committee, said in a statement. “Nefarious actors are now using intimidation and manipulation to scare Americans, particularly seniors, into dumping their life savings into cryptocurrency ATMs.” The bill, he said, would “help curb the efficacy of these scams.”Sen. Dick Durbin, D-Ill., said his bill would "help curb the efficacy" of crypto ATM scams.Anna Moneymaker / Getty Images fileAt least $114 million in losses from scams involving bitcoin ATMs werereported to the Federal Trade Commission in 2023.NBC News haspreviously reportedadvocates sayEric Re
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News
- Download the CNN app [CNN]CNN
- How a major convenience store chain became a hub for crypto scams [CNN]CNN
- Bitcoin Depot Hit With $18.5M Award – Faces Dual Lawsuits Over “Crippling” ATM Failures [Yahoo! Finance]Yahoo! Finance
- Chapter 11 bankrupt crypto firm scores millions in arbitration win [Yahoo! Finance]Yahoo! Finance
- Bitcoin Depot appoints Scott Buchanan as CEO, Elizabeth Simer as COO [Yahoo! Finance]Yahoo! Finance
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- 11/13/25 - Beat
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Sec Filings
- 12/18/25 - Form 8-K
- 12/9/25 - Form 3
- 12/9/25 - Form 3
- BTM's page on the SEC website