Texas, US Cryptocurrency ATM Fraud Losses Reach $56.8 Million, Lawmakers Consider Stricter Restrictions

TechFlow reports, July 31. According to Decrypt, Texas lawmakers are considering stricter measures against cryptocurrency ATMs than mere regulation, potentially even pushing for a ban. According to FBI data, losses in Texas due to cryptocurrency ATM scams reached $56.8 million in 2025, the highest in the nation, with 1,179 corresponding complaints. Nationwide, losses from such cases increased by 58% year-over-year to $389 million.

At the hearing, officials pointed out that scammers typically induce victims to withdraw cash and convert it into digital assets via cryptocurrency ATMs; the funds subsequently flow into non-custodial wallets and mixing tools, making recovery extremely difficult. Currently, Indiana, Tennessee, and Minnesota have successively banned Bitcoin ATMs, and Texas legislation may further tighten policies.