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S 3048·MA·senate

An Act to stop cryptocurrency ATM misuse ("SCAM" Act)

Reported by CommitteeFiled Apr 15, 2026
Sponsor: Joint Committee on Financial Services
Latest Action

Senate: Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Apr 15, 2026

Summary

It makes it illegal for any person or business to run a virtual‑currency kiosk in the state. Violators can be sued under consumer‑protection law, and courts may seize the kiosk, its earnings, and require payment of investigation costs. The measure aims to stop misuse of crypto ATMs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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