Cynthis Lummis Says Bitcoin ATM Scams Have ‘Concerned’ Her For A Long Time, Senator Wants To Address The Issue In Crypto Market Structure Bill
Sen. Cynthia Lummis (R-Wyo.) voiced her long-standing concerns over fraudulent activities in the cryptocurrency kiosk space on Monday.
Lummis Wants The Issue Addressed In Crypto Bill
In an X post, Lummis responded to a report about the surge in scams involving Bitcoin (CRYPTO: BTC) ATMs in Wyoming, the state she represents in the Senate.
“This is something that has concerned me for a long time,” Lummis said, highlighting the legislation she and Sen. Kirsten Gillibrand (D-NY) introduced in 2023 to stop bad actors in the cryptocurrency kiosk space.
The Responsible Financial Innovation Act of 2023 specified that operators of digital asset kiosks and ATMs must maintain accurate addresses with the Financial Crimes Enforcement Network. The bill ultimately died.
Lummis said she hoped to address the issue in the cryptocurrency …
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