Minnesota Rep. Erin Koegel Moves to Ban Crypto Self-Service Terminals (crypto ATM kiosks)

On Feb. 23, 2026, Minnesota lawmakers introduced HF 3642 to ban crypto self-service terminals statewide, repealing the 2024 regulatory framework. The bill, targeting scams that particularly affect seniors, would eliminate roughly 350 licensed kiosks and awaits approval from the House, Senate, and Governor before the legislative session ends in May 2026. The Department of Commerce supports the measure, citing consumer protection concerns, while FBI data recorded over 12,000 Bitcoin ATM complaints and $333.5 million in reported losses in January–November 2025.

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