Senator Durbin Proposes New Bill to Safeguard US Crypto ATM Users

Senator Dick Durbin has introduced legislation aimed at combating fraud at cryptocurrency ATMs across the United States. He highlighted a recent instance where an elderly constituent lost $15,000 after being tricked into depositing funds into an ATM following a fraudulent phone call that claimed he had an outstanding warrant. This case highlights the growing concern over scams targeting senior citizens within the crypto space.