Crypto ATMs in Federal Buildings: A Bold Move or a Risky Bet? 👀
Texas Congressman Lance Gooden is pushing for cryptocurrency ATMs to be installed in U.S. federal buildings, arguing it supports President Trump’s pro-crypto stance and signals government embrace of blockchain innovation. In a letter to the General Services Administration, Gooden asked for a feasibility study, emphasizing secure operations and transparency. This comes as crypto ATMs face scrutiny for scam risks, with some lawmakers proposing stricter regulations and operators like Bitcoin Depot reporting declining transactions despite bitcoin’s price surge. Gooden, rated highly by crypto advocates, has a history of supporting industry-friendly policies but isn’t directly involved in current crypto legislation.
It’s a flashy idea that screams “we’re pro-crypto,” but it feels more symbolic than practical. Crypto ATMs in federal buildings could normalize digital assets, but the timing’s tricky with scams making headlines and transactions dipping. Gooden’s enthusiasm aligns with Trump’s crypto cheerleading, but without tight security and clear rules, this could backfire. It’s a bold flex, but I’d rather see Congress nail down solid crypto regulations first before splashing ATMs everywhere.
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