Odaily Planet Daily News: Minnesota lawmakers have introduced a bill to ban cryptocurrency ATMs statewide, making it one of the strictest regulations against such devices in the United States.
House File 3642, introduced by DFL representative Erin Koegel on February 23, 2026, aims to prohibit the placement or operation of virtual currency ATMs anywhere in Minnesota and to repeal the existing regulatory framework established in 2024.
The proposal has received support from law enforcement and consumer advocacy groups, who point out that these devices have become major tools for scammers, especially in “pig-butchering” scams targeting the elderly. The Minnesota Department of Commerce strongly supports the bill, believing that current safeguards are ineffective against complex fraud schemes. The bill must pass through the state House and Senate before being signed by the governor. The Minnesota legislative session will continue until May 2026. (Ibtimes)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cuba’s central bank approves 10 companies to use cryptocurrencies for international payments
Cuba’s central bank has for the first time approved 10 companies to use cryptocurrencies for international payments, including 9 small and micro enterprises and 1 joint venture, with a license validity period of 1 year. This marks the first time that Cuban companies have been granted permission to directly operate international payments, which must be handled through approved virtual asset service providers and with transaction information reported on a regular basis.
GateNews13m ago
The NFL has asked for the delisting of manipulation-prone contracts in prediction markets, and the CFTC respects the league’s position
The National Football League (NFL) requires prediction market platforms to cease offering contracts that are easily manipulated and emphasizes that these contracts lack randomness, which could constitute insider trading. The CFTC chair stated that it will respect each league’s views and that the regulatory landscape may change. Additionally, the NFL and MLB have adopted different strategies—adversarial and cooperative—when dealing with prediction markets, reflecting different perspectives among professional sports organizations regarding regulation.
MarketWhisper38m ago
US senators float ‘Mined in America Act’ to boost BTC mining, codify reserve
Two US senators have introduced the Mined in America Act to promote domestic Bitcoin mining by creating a certification for facilities and phasing out foreign-made equipment. This seeks to enhance US manufacturing and codify a Strategic Bitcoin Reserve.
Cointelegraph51m ago
Anchorage Digital and Chainlink Labs jointly support the new crypto PAC, preparing for the mid-2026 elections
Anchorage Digital and Chainlink Labs jointly funded the "Blockchain Leadership Fund" with the goal of supporting candidates in the midterm elections who promote digital asset policy, and it will also conduct voter education. With the current U.S. crypto legislative process stalled, the relevant organizations are also campaigning for the 2026 election.
GateNews1h ago
Chainalysis: Organizations linked to Russia and Iran use cryptocurrencies to buy military drones, and pro-Russian groups raise more than $8.3 million
Chainalysis reports that low-cost commercial drones have become a core tool in modern conflicts, and that Russian and Iranian organizations use cryptocurrency to fund drone procurement. Since 2022, pro-Russia groups have raised more than $8.3 million in donations, most of which were used in stablecoins. Iran’s Ministry of Defense has also accepted cryptocurrency payments for weapons.
GateNews1h ago
US Lawyer on SEC Crypto Guidance: Definition of Investment Contracts and Secondary Market Rules Still Unclear
Gibson Dunn law firm noted that although the joint guidance published by the SEC and CFTC has improved, it still does not fully address industry needs, especially regarding ambiguity in the Howey test and secondary market trading. The authors call on the crypto industry to provide feedback, urging the SEC to clearly define regulatory boundaries and avoid enforcement replacing regulation.
GateNews1h ago
