Minnesota lawmakers push ban on crypto ATMs after elder fraud surge
Minnesota lawmakers, with law enforcement and the Department of Commerce, introduced HF3642 to ban crypto ATMs that accept cash and debit cards after 70 fraud complaints totaling more than $540,000 in 2025, including a case where an elderly resident reportedly gave half her monthly income to scammers; supporters say refunds are limited (about 48% of complaints) and fraud remains a problem, while crypto platforms argue existing safeguards should suffice.