As per Coinotag, Senator Cynthia Lummis (R-WY) is pushing for stronger consumer protections in pending market-structure legislation to address rising fraud at Bitcoin kiosks. Federal data shows nearly $247 million in losses in 2024, with seniors disproportionately affected. Lummis, co-sponsoring the bill with Senator Kirsten Gillibrand (D-NY), aims to introduce rules for transparency, operator accountability, and enhanced screening. Industry representatives support anti-fraud measures but caution against overly restrictive rules that could limit access to crypto services.
Senator Lummis Proposes Bitcoin ATM Safeguards in Market-Structure Bill
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