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New Hampshire House advances crypto scam prevention bill

New Hampshire House advances crypto scam prevention bill

House lawmakers broke with the House Committee on Commerce and Consumer Affairs’ majority recommendation on Thursday, Apr. 23, to advance an earlier version of a bill intended to prevent cryptocurrency scams.

Senate Bill 482, from prime sponsor and Merrimack Republican Sen. Tim McGough, passed Thursday morning after debate, 214-140. The Republican majority of the House Commerce Committee had recommended a version of the bill with an amendment from Rep. Keith Ammon, a New Boston Republican, but that amendment was defeated Thursday.

Both versions of the bill sought to prevent scams conducted through cryptocurrency kiosks, machines that allow users to purchase difficult-to-trace digital currencies with cash in person….

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