Sponsors (2)
The bill increases consumer protections, pricing transparency, and AML oversight for crypto kiosks—improving safety and accountability—but does so at the cost of added compliance burdens, privacy and safety concerns, transaction limits, and potential reductions in smaller operators and access.
Taxpayers and kiosk customers gain stronger consumer protections: clear pricing disclosures, fraud warnings, transaction receipts, and a 30-day refund path for fraud, so consumers can make better-informed choices and recover from scams.
Operators, customers, and the public get greater transparency about kiosks because Treasury must publish kiosk locations and operator contact/compliance information, making kiosks easier to find and increasing accountability.
Kiosk operators, customers, and financial regulators face clearer AML/KYC rules and a public registry, reducing illicit use of kiosks and improving AML/CFT oversight across the sector.
Small kiosk operators and some financial firms face substantial new compliance and administrative costs (quarterly submissions, AML programs, recordkeeping, analytics, staff), which can raise transaction fees or force smaller operators out of the market.
Customers and kiosk staff face heightened privacy and safety risks from extensive identity verification, monitoring and public posting of exact kiosk locations and contact details, increasing surveillance and potential security threats.
Transaction limits for new and existing customers (e.g., $2,000/$10,000/$7,500) may prevent legitimate users from completing larger, lawful transfers via kiosks, reducing utility for some taxpayers and businesses.
Based on analysis of 3 sections of legislative text.
Requires registration of physical crypto ATM locations, periodic operator filings, and AML/KYC, reporting, and FinCEN oversight of digital asset kiosks.
Official title: To amend the Bank Secrecy Act to require the registration of digital asset kiosk operators and to require such operators to comply with anti-money laundering and anti-fraud requirements, and for other purposes.
Introduced June 11, 2026 by Sean Casten · Last progress June 11, 2026
Requires operators of physical and app-based machines that buy, sell, or exchange cryptocurrencies ("digital asset kiosks") to register locations and identify operators with Treasury and follow anti-money-laundering and customer-identification rules. The Treasury Department (FinCEN) must publish a public registry of kiosk locations and operators and will get rulemaking, examination, and enforcement authority over kiosk operators. Operators must submit an initial list of kiosk physical addresses and operator contact/compliance information, update it at least every 90 days, implement KYC/AML programs, file suspicious activity reports, display operator info at each kiosk, and hold any required state registration or license to operate; civil penalties and injunctions are authorized for violations.