Cosponsored a bill on 2025-02-25
Bill Name
Crypto ATM Fraud Prevention Act of 2025
Details
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.