119th (2025–2027)
H.R. 9268
This bill requires cryptocurrency kiosk operators to register with the Treasury Department and comply with strict anti-money laundering and consumer protection requirements similar to those for traditional banks. Operators must submit their kiosk locations before operation and update them quarterly, enforce daily transaction limits ($2,000 for new customers, $7,500 for existing ones), verify customer identity, and provide 24/7 customer service. The bill protects consumers by requiring clear disclosures about irreversible transactions, upfront pricing, fraud warnings, and 30-day refunds for victims who report scams to law enforcement. Existing kiosk operators have six months from the bill's enactment to register, and the Treasury Secretary has 180 days to issue detailed implementation rules, with federal standards taking precedence over state regulations on transaction limits while allowing states to issue compliance certifications.