Bills wey wan ban crypto ATM dey move forward for Delaware and New Jersey

Delaware and New Jersey don move bill dem we go extend US "crypto ATM ban" as complaints of fraud wey involve kiosks dey rise. FBI data wey dem quote show 13,460 crypto kiosk complaints for 2025, with reported losses pass $388.9 million. More than half of the complaints involve people wey don pass 50 years. Delaware: House Economic Committee move House Bill 441 on June 9. The crypto ATM ban go forbid anybody from owning, installing, or operating cryptocurrency kiosks for the whole state. Existing machines must shut down and remove physically within 90 days after the law start. The bill also target "cashier-assisted" retail transactions wey dey copy kiosk functionality. Penalties fit reach $10,000, and fit force refund of illegal fees or make dem put the money for Delaware Consumer Protection Fund. New Jersey: Senate Commerce Committee move Senate Bill 2141 on June 8. E go ban businesses from owning, controlling, installing, managing, selling, or offering crypto ATMs, covering internet-connected kiosks wey allow users buy, sell, send, or receive digital assets with cash or payment cards. Penalties na up to $10,000 for first offense and up to $20,000 for repeat violations, plus consumer-fraud remedies. Law go start on the first day of the sixth month after e sign into law. For traders, the main risk na regulatory pressure on on/off-ramp access points wey connect to crypto ATMs. Direct short-term impact on major coin prices look small, but direction clear — dey move towards stricter consumer-protection enforcement and tighter kiosk distribution under the crypto ATM ban trend.