Representative Lance Gooden, a Republican from Texas’ 5th congressional district, has proposed installing cryptocurrency ATMs in federal buildings to promote digital asset accessibility for the public. This proposal comes as former President Donald Trump champions cryptocurrencies and meme coins. The General Services Administration (GSA) is currently exploring this option, with some traditional ATMs already present at several facilities. Gooden cites President Trump’s vision of the U.S. becoming a global leader in cryptocurrency and blockchain technology. However, this proposal faces concerns about rising fraud related to crypto ATMs, which saw over 10,900 complaints filed with the FBI’s Internet Crime Complaint Center (IC3) in 2024, a substantial increase of 99% from the previous year. The lack of human oversight and anonymity associated with these machines often facilitate scams such as tech-support fraud, government impersonation, phony investments, and extortion. Many countries are taking action against crypto ATMs, including bans in the UK, targeted regulations in France, Australia, and Germany, and local laws restricting usage in Minnesota and Nebraska. To address this, Democratic lawmakers have proposed the Crypto ATM Fraud Prevention Act to enforce anti-money laundering measures and limit transactions. Despite these concerns, Gooden emphasizes the need for collaboration between regulators, industry experts, and technology providers to ensure compliance with safety standards. He believes this initiative will promote accessibility and public awareness of digital finance. **The U.S. leads global Bitcoin ATM growth as President Trump continues to support cryptocurrencies and meme coins.** Last year saw a significant increase in Bitcoin ATMs worldwide, with 2,217 new machines installed, resulting in the total number reaching 38,768 by January 1st, 2025. The U.S., which hosts over 81% of global BTMs, has seen continued growth throughout 2024.** This proposal faces challenges regarding its funding and potential authority to implement ATMs in federal buildings.