Cynthia Lummis Pushes Crypto ATM Oversight in Senate Bill

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 24, 2025

Key Takeaways

US senators, including Senator Cynthia Lummis, aim to include crypto ATM fraud in a new digital asset regulation bill;
Lummis cited $645,000 lost in Bitcoin ATM scams, which mainly affect seniors in Wyoming;
Over 11,000 crypto ATM fraud complaints were filed in 2024, but no federal law yet exists.

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Lawmakers in the US Senate are working on new digital asset legislation that may include steps to limit fraud at cryptocurrency ATMs.

As the Senate Banking Committee prepares to vote on a bill focused on how digital assets are handled, one of its supporters has brought attention to the rise in scams involving Bitcoin BTC $113,337.79 kiosks.

Senator Cynthia Lummis of Wyoming posted on X that she and Senator Kirsten Gillibrand from New York are hoping to address the issue of fraud tied to crypto ATMs in the upcoming market structure bill.

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Lummis highlighted a report from Cheyenne police, which found 50 cases of fraud mostly targeting elderly users. These scams, often carried out using Bitcoin machines, resulted in losses exceeding $645,000.

To date, there are no federal laws that specifically address fraud through these types of kiosks.

However, the Federal Bureau of Investigation has noted an increase in complaints. In 2024, it received around 11,000 reports of scams linked to crypto ATMs, with losses totaling more than $246 million.

Lummis's comments came just before the Senate committee’s expected vote on the new rules for the crypto industry. The senator mentioned she hopes the law can be passed and signed by 2026.

While the US House of Representatives passed its version of the bill, the CLARITY Act, in July, that version did not mention ATM-related fraud. It only referred to platforms that use automated systems and follow general industry guidelines.

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