Delaware committee advances crypto ATM ban as Bitcoin Depot files bankruptcy

A bill to ban cryptocurrency ATMs across Delaware has passed a state House committee, while Bitcoin Depot has halted all of its ATMs and applied for protection under bankruptcy law. The developments point to tighter U.S. regulation and industry restructuring. The CFTC (U.S. derivatives regulator) warned on its official X account on the 27th that crypto-ATM transactions can convert deposited cash into cryptocurrency instantly, with transfers that are immediate and irreversible. The agency also cautioned that the machines can be exploited for transactions intended to conceal users' identities and urged people to verify information before using them. The warning comes against a backdrop of sharply rising fraud-related losses, with the FBI reporting an increase in cryptocurrency-ATM complaints in 2025.

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