Bitcoin Depot has announced the resignation of CEO Scott Buchanan, as disclosed in a filing with the U.S. SEC. Alex Holmes, a company director and former MoneyGram CEO, has been appointed as the new CEO and chairman. Holmes will focus on stabilizing operations, enhancing regulatory compliance, and transitioning the company into a diversified fintech platform. This leadership change comes amid increasing regulatory scrutiny in the crypto ATM sector. Recently, Connecticut ordered Bitcoin Depot to cease its ATM operations in the state, citing excessive fees and fraudulent refund issues. The company, which operates over 9,000 machines globally, remains the largest Bitcoin ATM operator in North America. However, Bitcoin Depot's latest financial report anticipates a 30% to 40% decline in core ATM revenue this year due to the evolving regulatory environment.