Delaware and New Jersey Advance Bills to Ban Crypto ATMs
— By Whatsertrade in Regulation
Delaware and New Jersey lawmakers are advancing bills to ban crypto ATMs amid rising fraud complaints, following similar actions in other states.
Lawmakers in Delaware and New Jersey have advanced bills aimed at banning cryptocurrency ATMs, or kiosks, in response to a reported surge in fraud cases involving these machines.
Legislative Progress in Two States
Delaware's House Bill 441 has successfully cleared its Economic Committee. If enacted, this bill would outlaw cryptocurrency kiosks and mandate their removal within 90 days of the law taking effect.
Concurrently, a New Jersey Senate committee has advanced a similar measure. This proposed legislation includes provisions for fines of up to 20,000 dollars for repeat offenders found in violation of the ban.
FBI Data Highlights Fraud Concerns
The legislative push in these states follows FBI data indicating a significant increase in complaints related to crypto ATMs. In 2025, nearly 13,500 complaints were reported, involving losses exceeding 388 million dollars.
This figure represents a 58 percent jump in losses compared to 2024, according to the FBI's findings.
Broader Regulatory Trend
The actions in Delaware and New Jersey are part of a growing trend of regulatory scrutiny regarding crypto ATMs across the United States. Earlier crackdowns on these machines have been observed in Indiana, Tennessee, and Minnesota.
Impact on Crypto Access
A ban on crypto ATMs could alter how some individuals access and transact with cryptocurrencies, particularly for those who prefer physical cash-to-crypto conversion points. The long-term effects on local crypto adoption remain to be seen.
This reporting is based on information from Cointelegraph, Decrypt, and KuCoin, as reported in June 2026. This is not financial advice.
Frequently Asked Questions
Q: Which states are advancing bills to ban crypto ATMs?
A: Lawmakers in Delaware and New Jersey are advancing bills to ban cryptocurrency ATMs.
Q: What are the primary reasons cited for these proposed bans?
A: The bans are being advanced over surging fraud complaints and reported losses associated with crypto ATMs.
Q: How much money was reportedly lost to crypto ATM fraud in 2025?
A: FBI data indicates over 388 million dollars in losses from nearly 13,500 complaints related to crypto ATMs in 2025.
Q: Have other US states taken similar actions regarding crypto ATMs?
A: Yes, earlier crackdowns on crypto ATMs have occurred in Indiana, Tennessee, and Minnesota.