Multiple states in the U.S. are pushing for bans on crypto ATMs, with scams and significant losses driving tighter regulation

Breaking news from Mars Finance: Delaware and New Jersey are advancing legislation that would comprehensively ban the installation and operation of cryptocurrency ATMs (Crypto ATMs), citing that the related devices are widely used for scams. The Delaware House Economic Committee has passed the relevant bill, which would prohibit the possession, installation, or operation of cryptocurrency ATMs and require existing devices to be removed within 90 days after the bill takes effect. Violations could result in fines of up to $10,000, and may also involve fee recovery or inclusion in the consumer protection fund. At the same time, the New Jersey Senate Commerce Committee has also unanimously passed a similar bill, banning business activities related to crypto ATMs, with penalties for violations of up to $20,000.

According to FBI data from May, in 2025 the number of complaints involving crypto ATMs is close to 1.35万, causing losses exceeding $388 million, representing a clear increase from the previous year. Among the victims, more than half are aged over 50. At present, multiple states—including Indiana, Tennessee, and Minnesota—have already fully banned crypto ATMs, and some state and local governments have also placed limits on single-transaction amounts. Under regulatory pressure, crypto ATM operators are facing continued challenges; industry leader Bitcoin Depot previously filed for bankruptcy due to worsening operating conditions. Meanwhile, operators say they have set up risk warnings and transaction limits, and they deny direct responsibility for third-party scams.