Crypto ATMs Proposed for Federal Buildings

Texas Lawmaker Proposes Crypto ATMs in Federal Buildings

• Rep. Lance Gooden (R., Texas) advocates for crypto ATMs in federal buildings.
• The proposal aligns with Trump’s vision for U.S. blockchain leadership.
• In 2024, nearly 11,000 complaints about crypto ATM fraud were reported, a 99% increase from 2023.
• Total losses from crypto ATM fraud reached $246.7 million, with seniors losing over $107 million.
• Some jurisdictions, like the UK and certain U.S. states, have restricted or banned crypto ATMs.

Rep. Lance Gooden’s initiative to install crypto ATMs in federal buildings aligns with Trump’s blockchain ambitions, despite rising fraud incidents involving these machines, which saw nearly 11,000 complaints and $246.7 million in losses in 2024.