Cynthis Lummis Says Bitcoin ATM Scams Have ‘Concerned’ Her For A Long Time, Senator Wants To Address The Issue In Crypto Market Structure Bill – Bitcoin Depot (NASDAQ:BTM)

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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 BTC/USD 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…