Stop Crypto ATM Scams Act

If this passes, digital asset kiosk operators will face compliance costs (legal, technology, staffing) similar to money transmitters, estimated at $50,000–$500,000+ annually for smaller operators depending on transaction volume. Kiosk operators may exit the market, reducing consumer access to cash-to-crypto conversion in underserved areas. Transaction fees at remaining kiosks will likely rise 5–15% to cover compliance. Law enforcement will gain visibility into previously opaque digital asset transactions, potentially disrupting money laundering schemes but also enabling broader financial surveillance. New York's BitLicense (enacted 2015) and FinCEN's 2013 guidance on virtual currency money transmitters provide analogous precedent: compliance costs drove consolidation in the virtual currency industry and reduced retail access points, while improving AML visibility. States that have imposed stricter digital asset regulation (New York, California) saw fewer kiosk locations but higher transaction volumes per remaining operator.