On June 11, Delaware and New Jersey are advancing legislation to comprehensively ban the installation and operation of cryptocurrency ATMs, citing their widespread use in fraudulent activities. The Delaware House Economic Committee has passed a related bill that aims to prohibit the possession, installation, or operation of cryptocurrency ATMs, requiring existing devices to be removed within 90 days of the bill's enactment; violations could incur fines of up to $10,000 and may lead to the recovery of fees or inclusion in a consumer protection fund. Meanwhile, the New Jersey Senate Commerce Committee has also unanimously passed a similar bill, banning activities related to crypto ATMs, with penalties for violations reaching up to $20,000. According to data from the FBI in May, complaints involving crypto ATMs approached 13,500 in 2025, resulting in losses exceeding $388 million, a significant increase from the previous year, with over half of the victims aged 50 and above. Currently, several states, including Indiana, Tennessee, and Minnesota, have fully banned crypto ATMs, while some states and local governments have also imposed limits on transaction amounts. Under regulatory pressure, crypto ATM operators are facing ongoing challenges, with industry leader Bitcoin Depot previously filing for bankruptcy due to a deteriorating operating environment. Meanwhile, operators emphasize that they have implemented risk warnings and transaction limits, denying direct responsibility for third-party fraud.