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Legal Affairs Committee advances draft cryptocurrency-ATM ordinance to full council

6418474 · October 23, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The council's Legal Affairs Committee voted to draft and advertise a code ordinance addressing cryptocurrency ATMs after hearing from law-enforcement and the district attorney; the full council approved drafting and advertising the ordinance by an 11–0 roll call on Oct. 23.

The Peabody City Council moved on Oct. 23 to draft and advertise a municipal code ordinance addressing cryptocurrency automated teller machines, after the Legal Affairs Committee held an informational discussion with prosecutors and police about scams tied to crypto kiosks.

Councilor Rossignol, chair of the Legal Affairs Committee, told the council the subcommittee met earlier with District Attorney Paul Tucker, Police…

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