Delaware and New Jersey advance bills to ban crypto ATMs amid scam concerns

Delaware and New Jersey are advancing legislation to ban the installation and operation of crypto ATMs, reflecting a broader push to curb scams tied to the machines. Delaware’s House Economic Committee sent HB441 to the full House after lawmakers cited fees of up to 20% on crypto ATMs compared with roughly 0.4% to 1% on online exchanges. The bill would require existing kiosks to be removed within 90 days and allow fines of up to $10,000. In New Jersey, the Senate Commerce Committee unanimously advanced a crypto ATM ban that would impose penalties of up to $10,000 for a first violation and $20,000 for repeat offenses. The measures are framed as consumer-protection efforts targeting fraud at cash-to-crypto access points that have drawn growing scrutiny from policymakers. FBI data for 2025 showed nearly 13,500 crypto ATM complaints and losses exceeding $388 million, underscoring the scale of the issue even as restrictions may push some activity into less regulated channels.

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