Texas Targets Crypto Kiosks After $57M Scams | US News

Texas is cracking down on crypto kiosks after scammers drained nearly $57 million from Texans last year—mostly targeting seniors with fake police and bank threats. Criminals use these machines to turn cash into untraceable crypto in seconds, making recovery nearly impossible. With no state oversight and 4,000 kiosks operating, lawmakers are debating strict regulation or outright bans, as 1,200 victims lost $56.8 million—almost double Florida’s total. The state lags behind 30 others with rules, and urgency is mounting to protect vulnerable residents before more fall prey.

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