Delaware, New Jersey advance bills banning crypto ATMs
Delaware and New Jersey have moved closer to banning cryptocurrency ATMs, driven by concerns that the kiosks are heavily used in scams. Delaware’s House Economic Committee advanced a bill that would ban owning, installing, or operating crypto kiosks, require removal within 90 days if signed into law, and penalize violations with fines up to $10,000. It would also ban cash-to-crypto setups that effectively replace ATMs. New Jersey advanced a similar bill that would bar owning, controlling, installing, or selling crypto ATMs, with fines up to $10,000 for a first offense and $20,000 for repeat offenses. The push follows FBI data showing nearly 13,500 complaints in 2025 tied to more than $388 million in losses, with older adults disproportionately affected. Indiana, Tennessee, and Minnesota have already enacted total bans.
