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House debates consumer protections for crypto ATMs after lawmakers cite large reported losses
Summary
Lawmakers debated a Commerce Committee amendment to Senate Bill 482 addressing consumer protections for cryptocurrency kiosks, centering on a 72‑hour refund window, caps on early transactions and privacy safeguards. Members split over whether the amendment protects seniors from scams or unduly shields operators.
Representative Jared Sullivan, the minority member on the Commerce Committee, told colleagues that Granite Staters have suffered large losses to scams involving cryptocurrency kiosks, citing town-level reports and a committee hearing tally. “In 2025, Littleton reported $100,000 in losses. Manchester, over $1,500,000. And statewide, Granite Staters lost more than $22,000,000,” Sullivan said, arguing machines and operator business models make victims easy targets.
Sullivan urged defeat of the floor amendment 1526h, saying it “will do little to protect them” and that the machines enable high-fee, quick transactions…
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