Texas lawmakers eye a crypto kiosk ban after Texans lost $56.8 million to scams in 2025—the most of any state.
This accounts for 1,179 FBI complaints. National losses rose 58% to $389 million last year. Indiana, Tennessee, and Minnesota already banned these machines.
This is a local problem with global reach. Scams hit retail users, but the legislative backlash threatens a common fiat on-ramp. A ban in a state the size of Texas sets a precedent, pushing transactions to exchanges or P2P, away from physical access points.
Would you keep funds on a mid-tier exchange right now?
$BTC
This accounts for 1,179 FBI complaints. National losses rose 58% to $389 million last year. Indiana, Tennessee, and Minnesota already banned these machines.
This is a local problem with global reach. Scams hit retail users, but the legislative backlash threatens a common fiat on-ramp. A ban in a state the size of Texas sets a precedent, pushing transactions to exchanges or P2P, away from physical access points.
Would you keep funds on a mid-tier exchange right now?
$BTC