An attention-grabbing proposal is sparking lively discussions in the U.S. financial and crypto community: installing cryptocurrency ATMs right in federal buildings. This idea comes from Congressman Lance Gooden (Republican, Texas), who claims it is a step aligned with President Donald Trump's 'vision' of making America the leading country in the blockchain field.
Crypto entering government buildings?
In a letter to the Public Services Regulatory Agency (#GSA ), which is responsible for operating the infrastructure of federal buildings, Gooden proposed deploying crypto ATMs as part of modern financial infrastructure. He emphasized: 'Cryptocurrency is an essential part of the global financial system. Installing these ATMs will help public spaces reflect modern technological trends.'
For the 'Trump vision' or for the people?
According to Gooden, this proposal aims to help Americans access cryptocurrency more easily and enhance understanding of financial technology. He also believes this is a concrete step to realize the commitment of #TRUMP to promote America's number one position in the blockchain and crypto industry.
But what about the risks? Over $246 million was lost to crypto ATM scams in 2024.
The latest report from the FBI's Internet Crime Complaint Center (#IC3 ) tells a different story: in 2024, there were nearly 11,000 complaints related to scams via cryptocurrency ATMs – nearly double compared to the previous year. Total losses amounted to $246.7 million, with older adults losing over $107 million.
Common scams include: impersonating government agencies, faking technical staff, promising high-return investments, or threatening extortion. Scammers often request victims to transfer money via crypto ATMs due to their high anonymity and traceability challenges.
Many countries have taken action – is the U.S. falling behind?
The UK has completely banned crypto ATMs.
France, Germany, Australia tighten operations of unregistered ATMs.
Some states and cities in the U.S. are also starting to regulate: Nebraska limits transaction fees to 18% and sets daily transaction limits; a town in Minnesota has completely banned them.
At the same time, a group of Democratic Senators is pushing for the Crypto ATM Fraud Prevention Act, requiring risk warning displays, applying transaction limits for new users, and allowing refunds if fraud is reported in a timely manner.
In summary: Evolution or risk?
While acknowledging the risks, Gooden believes this is an opportunity to enhance access to financial technology, while also increasing community education on crypto. However, the installation of cryptocurrency ATMs in public places is creating fierce debate between innovation and the responsibility to protect citizens – especially vulnerable individuals.
Connection to the crypto market and Binance users
If this proposal is approved, it could pave the way for the popularization of cryptocurrency in the U.S. – a market that significantly influences the entire global crypto ecosystem. Users on Binance and other platforms could benefit from higher levels of cryptocurrency acceptance in major countries. However, it also raises urgent demands for security standards, identity verification, and tighter oversight across the industry.
Risk warning: Investing in cryptocurrency always carries high risks and is not suitable for everyone. Please research thoroughly and only use capital you can afford to lose.