What does Preamble of Stop Crypto ATM Scams Act do?

This bill amends the Bank Secrecy Act. It requires the registration of digital asset kiosk operators. These operators will be required to comply with anti-money laundering and anti-fraud requirements.

What does SHORT TITLE. of Stop Crypto ATM Scams Act do?

This bill is formally titled the 'Stop Crypto ATM Scams Act'.

What does REGISTRATION OF DIGITAL ASSET KIOSK OPERATORS. of Stop Crypto ATM Scams Act do?

This section amends 31 U.S.C. § 5330 to require registration of digital asset kiosk operators. The Secretary of the Treasury must require operators to submit a list of kiosk locations before operation and update it at least every 90 days. Submissions must include the operator's legal name, kiosk addresses, compliance officer contact information, and start/end dates of operation. Filing false or incomplete information is considered non-compliance. The Secretary of the Treasury must make all submitted information publicly available, including on a Treasury Department website. Existing digital asset kiosk operators have six months from the enactment of this Act to submit an initial list and 90 days thereafter to submit the first update.

What does ANTI-MONEY LAUNDERING AND ANTI-FRAUD REQUIREMENTS FOR DIGITAL of Stop Crypto ATM Scams Act do?

This section amends title 31 of the United States Code to add Section 5337, establishing anti-money laundering and anti-fraud requirements for digital asset kiosk operators. Digital asset kiosk operators are required to develop, implement, and routinely update an anti-money laundering program and file it with the Financial Crimes Enforcement Network. Operators must also be subject to reporting suspicious transactions and filing currency transaction reports. The Secretary of the Treasury will issue rules requiring operators to verify customer identity, monitor transactions, and assess risks using blockchain analytics tools. Limits are placed on the total monetary value of digital asset kiosk transactions for new and existing customers. Operators must provide written disclosures to customers, including warnings about potential losses and the lack of government guarantees. Operators are required to take reasonable steps to detect and prevent financial fraud, including providing scam warnings. The Secretary of the Treasury will issue fraud scheme alerts annually to assist operators in identifying emerging fraud schemes.

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Stop Crypto ATM Scams Act

Last updated: 6/11/2026 · Introduced: 6/11/2026

Author: Sean Casten (D-IL)

TL;DR (AI)

This bill mandates the registration of digital asset kiosk operators with the Treasury Department, requiring regular updates of kiosk locations and operator information.
It establishes anti-money laundering and anti-fraud requirements for digital asset kiosk operators, including program development, suspicious activity reporting, and customer identity verification.
The bill imposes transaction limits on digital asset kiosks and requires operators to provide customers with disclosures regarding potential risks and fraud prevention measures.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 2 more.

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