PANews reported on February 26 that according to Decrypt, Illinois Senator Dick Durbin proposed the Cryptocurrency ATM Anti-Fraud Act, which aims to curb the growing problem of crypto ATM fraud. The bill proposes to set a daily transaction limit of $2,000 and a transaction limit of $10,000 within 14 days for new users, and requires operators to contact users directly for verification when the transaction exceeds $500 to prevent fraud. In addition, the bill also stipulates that operators must provide full refunds to victims who report fraud within 30 days.

Durbin emphasized that the bill is a "common sense safeguard" to prevent fraud and protect the property safety of the elderly. According to data from the U.S. Federal Trade Commission (FTC), fraud losses involving crypto ATMs in 2023 exceeded $110 million, nearly tenfold increase from 2020.