Have you heard of cryptocurrency? It's like digital money! But some bad guys are using cryptocurrency ATMs (machines where you can buy cryptocurrency with cash) to trick people, especially older adults, out of their money. Senator Durbin wants to stop this!
- Scammers pretend to be officials and pressure people to put lots of money into ATMs.
- They trick people into thinking they owe money or are in trouble.
- A new law wants to protect people from these scams.
| Problem | Solution |
|---|---|
| Scammers stole $114 million in 2023! | New limits on how much money people can put in ATMs. |
| People lose their savings. | $2,000 daily limit, $10,000 two-week limit for new users. |
| Scammers use intimidation. | ATM operators must talk to new users spending over $500. |
| No help for victims. | Full refunds for victims who report within 30 days. |
