Texas Lawmaker Urges Government to Install Crypto ATMs in Federal Buildings
By: cryptosheadlines|2025/05/02 19:30:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com A Texas lawmaker wants crypto ATMs in federal buildings to support digital finance education.GSA may need Congress approval before installing crypto ATMs on government property.Lawmakers push new rules to stop crypto ATM scams and protect vulnerable users.A Texas congressman has asked federal officials to consider installing cryptocurrency ATMs in U.S. government buildings. Representative Lance Gooden sent a letter on May 1 to the General Services Administration (GSA). The GSA oversees and manages federal buildings across the United States.U.S. Congressman proposes crypto ATMs in federal buildingsTexas Representative @Lancegooden has urged the General Services Administration to consider installing cryptocurrency ATMs in federal buildings, aligning with President Trump’s pro-crypto stance. Gooden’s proposal...— CoinNess Global (@CoinnessGL) May 1, 2025In the letter, Gooden requested a review of installing crypto ATMs on government property. He said the move would reflect the country’s growing engagement with digital finance. He urged the agency to establish clear rules for installation and operation. These rules would include identity verification and fee transparency.Proposal Links to Trump’s Crypto-Friendly AgendaGooden highlighted alignment with former President Donald Trump’s digital asset policies. Trump has backed various crypto-related ventures and promoted blockchain technology.The congressman described crypto ATMs as a resource for public education. He claimed they could help raise awareness and adoption of digital assets. He also pointed out that Trump supports broader use of cryptocurrency across industries. This includes campaign fundraising and personal investments in digital coins.Unclear Authority Over Crypto ATM InstallationsThe GSA currently allows some traditional ATMs in its buildings. These machines usually belong to federal credit unions. However, it remains unclear whether the acting administrator, Stephen Ehikian, can approve crypto ATMs. The installations would likely involve private firms such as Bitcoin Depot and CoinFlip.Federal funding and legal authority might require approval from Congress. Without legislative action, the GSA may face legal hurdles.Security Concerns Surround Crypto ATM UsageLawmakers in the U.S. Senate are already discussing crypto ATM fraud. Illinois Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act in February.The bill would limit transaction sizes and add identity checks. It targets scams that have impacted senior citizens across several states. New Jersey is also reviewing a similar bill. That proposal would require crypto ATMs to provide live support and scam warnings.Crypto Industry Sees Mixed ResultsBitcoin Depot, a major ATM operator, reported a drop in revenue last month. This came despite a rise in Bitcoin prices and overall crypto trading. Crypto ATMs remain controversial. Some view them as essential tools for access and education. Others link them to fraud and poor regulation. Gooden has supported crypto-friendly legislation in the past. He opposed the creation of a U.S. central bank digital currency. His latest proposal arrives as the federal government continues to shape its crypto policies.Source link
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