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alexanderjones

@alexanderjones

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alexanderjones
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Durbin’s proposed legislation would require crypto ATM operators to warn users of scams to prevent fraud. Additionally, it will introduce measures to minimize loss of funds and empower law enforcement with tools to track illicit transactions.
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alexanderjones
@alexanderjones
Currently, 37,226 cryptocurrency ATMs are active globally. The growth of the crypto ATM ecosystem has stagnated since mid-2022 owing to evolving regulations and crackdowns on unregistered businesses.
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alexanderjones
@alexanderjones
As of March 3, the US hosts 29,731 crypto ATMs, representing 79.9% of all crypto teller machines worldwide. Canada and Australia take up the next two spots, with 3,085 ATMs (8.3%) and 1,467 (3.9%) respectively.
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alexanderjones
@alexanderjones
On Feb. 25, Illinois Senator Dick Durbin proposed legislation to target fraud at crypto ATMs in the US, citing a recent incident involving one of his constituents. His proposal came the same month that 860 new crypto ATMs were installed in the US.
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alexanderjones
@alexanderjones
More than 1,200 cryptocurrency ATMs mysteriously went offline in the United States during the first weekend of March, just days after a senator introduced the Crypto ATM Fraud Prevention Act to stop crypto ATM fraud.
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alexanderjones
@alexanderjones
The bill, sponsored by Republican Senator Mark Finchem, would create a “Digital Assets Strategic Reserve Fund” administered by the state treasurer that would consist of money appropriated by the legislature and crypto seized by the state.
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alexanderjones
@alexanderjones
“This bill will require crypto ATM operators to warn consumers about scams and take reasonable steps to prevent fraud at their machines,” said Senator Durbin. “It will also put in place measures to limit the amount that consumers lose when they do fall victim to scams, give law enforcement new tools to track down and fight back against criminals.”
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@alexanderjones
The statement came nearly three weeks after South Korean authorities sanctioned 15 North Koreans for allegedly generating funds for North Korea’s nuclear weapons development program through cryptocurrency heist and cyber theft.
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The crypto industry must undergo a philosophical shift to achieve genuine mass adoption. Technical complexity should be a back-end consideration, not a front-end feature. Every project should ask, “Could my grandfather use this?” If the answer is no, it’s not because Grandpa lacks technical sophistication — it’s because we’ve failed in our design.
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alexanderjones
@alexanderjones
https://warpcast.com/johnsonapollo42/0x47eb1a59
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alexanderjones
@alexanderjones
https://warpcast.com/sophiasmith77609/0xaf0fe099
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@sophiasmith77609
Coinbase vice president of US policy Kara Calvert told Cointelegraph the exchange was “eager to work” with the incoming Trump administration but did not specifically mention plans for a national BTC reserve.
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Coinbase deepened its ties to US lawmakers during the 2024 election cycle, contributing more than $45 million to the Fairshake political action committee and donating $1 million to President-elect Donald Trump’s inauguration fund.
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https://warpcast.com/sophi98brown/0x0d86c3d4
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https://warpcast.com/austinemma9109/0x5aa63a22
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angussmith4367
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https://warpcast.com/austinemma9109/0xb3fc5ea3
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https://warpcast.com/austinemma9109/0x5aa63a22
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https://warpcast.com/mayj27150/0xaff603c5
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Volatility Shares, another asset manager, had filed a similar application in December.
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@wilson1239ava
Seyffart, on Jan. 16, said Solana ETFs may not launch in the United States until 2026, even under a crypto-friendly White House.
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