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Texas Representative Proposes Crypto ATMs in Federal Buildings

Coin WorldSaturday, May 3, 2025 4:39 am ET
1min read

Texas Representative Lance Gooden has put forth a proposal to install cryptocurrency ATMs in federal government buildings across the United States. In a letter dated May 1, 2025, addressed to Stephen Ehikian, the acting administrator of the General Services Administration (GSA), Gooden suggested that these ATMs could serve as educational tools and reflect the government’s commitment to embracing financial innovation. Gooden emphasized that introducing crypto ATMs in federal facilities would align with President Donald Trump’s pro-cryptocurrency stance. He argued that such a move would signal to the public that the government is open to adopting new technologies in a secure and responsible manner.

The GSA, responsible for managing federal properties, currently allows traditional ATMs from federal credit unions in government buildings. However, it remains unclear whether the agency has the authority to expand this to include cryptocurrency ATMs operated by private companies. This proposal comes amid growing concerns over the potential misuse of crypto ATMs for fraudulent activities, particularly targeting vulnerable populations. In February 2025, Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act, aiming to implement safeguards against scams facilitated through these machines. The bill seeks to establish regulations to prevent fraudulent transactions at virtual currency kiosks.

While the idea of installing crypto ATMs in federal buildings is still in its early stages, Gooden’s proposal highlights the ongoing debate over the role of digital currencies in the U.S. financial system. As the government continues to explore the integration of cryptocurrencies, initiatives like this could pave the way for broader acceptance and understanding of digital assets among the public.

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