US Market Structure Bill May Curb Crypto ATM Scams: Cynthia Lummis Pushes Consumer Protections Without Blocking Innovation
“A senior citizen uses a cryptocurrency ATM as scam warnings appear on the screen, symbolizing growing fraud concerns and the push for federal regulation in the U.S.”(Representing AI image) Crypto ATM Scams and U.S. Market Structure Legislation: Can Congress Protect Consumers Without Stifling Innovation? - Dr.Sanjaykumar pawar Table of Contents Introduction Understanding Crypto ATMs and Their Risks The Scope of Crypto ATM Fraud in the United States Senator Cynthia Lummis’ Remarks and the Market Structure Bill Previous Legislative Attempts: The Crypto ATM Fraud Prevention Act State and Local Responses to ATM Scams Why Seniors Are the Most Vulnerable Group How Market Structure Bills Could Address ATM Fraud Balancing Consumer Protection and Innovation Industry Perspectives and Concerns Potential Economic Impacts of ATM Regulation Lessons from International Approaches Visuals for Clarification Conclusion Frequently Asked Questions (FAQ) References 1. ...