S710Referred to Committee

Crypto ATM Fraud Prevention Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-25
Introduced
6
Cosponsors
S
ⓘ
Type

Sponsor

Richard J. Durbin
Richard J. Durbin
Democrat · IL · Senator
Votes with party: 80.4% (890 recorded votes)

Full profile: /officials/D000563

Source: Congress.gov · FEC

Cosponsors (6)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

6 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1347-1348; text: CR S1348-1350)

2025-02-25

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

The proposal would require cryptocurrency ATM operators to implement fraud prevention measures and verify customer identities to reduce scams and financial crimes. It would affect crypto ATM businesses and users by establishing new safety standards similar to those used by traditional banks and money transfer services. The bill aims to protect consumers from losing money to fraud schemes that have increasingly targeted people using these machines.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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