All bills
Massachusetts|S3048
To stop cryptocurrency ATM misuse ("SCAM" Act)
Committee 1
Summary
This Massachusetts bill aims to prevent fraud and misuse of cryptocurrency ATMs by establishing regulatory requirements for virtual currency transactions. The legislation would apply to operators and providers of cryptocurrency ATMs and related services to reduce their use in fraudulent schemes. The bill includes provisions requiring reporting and compliance measures to combat cryptocurrency-related fraud.
Sponsor
Joint Committee on Financial Services
Last action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means
Apr 15, 2026
Topics
Consumer ProtectionFraud & EnforcementMoney Transmission
Legislative history
Apr 15, 2026S
Reported from the committee on Financial Services
Apr 15, 2026S
New draft of S707 and S757
Apr 15, 2026S
Bill reported favorably by committee and referred to the committee on Senate Ways and Means