The U.S. Senate has rejected an amendment proposed by Senator Dick Durbin aimed at protecting victims of cryptocurrency ATM scams. The amendment sought to mandate CFTC registration, require disclosure of kiosk locations, enforce mandatory fraud warnings, and impose daily transaction limits. Senator John Boozman noted that similar provisions are already included in the Senate Banking Committee's portion of the bill, leading to the amendment's rejection in the Senate Agriculture Committee's version.
Senate Rejects Amendment on Crypto ATM Scam Protections
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