Lawmakers in Minnesota are considering a total ban on crypto ATMs, with legislation introduced earlier this week in response to a growing number of scams against the elderly.

Introduced on Monday by Rep. Erin Koegel, who serves as co-chair of the state’s House Finance and Policy Committee, HF 3642 would effectively ban all physical machines in Minnesota that allow users to purchase cryptocurrencies using cash.

The legislation marks renewed efforts to address risks associated with crypto ATMs, following a state framework passed in 2024 that imposed a $2,000 daily transaction limit for new customers, refund requirements, and a licensing framework for operators.

Although several states have implemented pauses or strict local…