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U.S. Congressman Pitches Crypto ATMs for Federal Government Buildings
Texas Republican Lance Gooden suggested to the agency that runs office space that installing ATMs will help align the government with Trump's crypto push.
What to know:
- While Congress is trying to work out how the U.S. can regulate crypto, one lawmaker from Texas is asking the feds to consider putting digital assets ATMs in their own buildings to start embracing the technology and meeting the spirit of President Donald Trump's advocacy.
- Texas Republican Lance Gooden sent a letter to the head of the General Services Administration asking that the proposal be studied.
In this article
A Texas congressman is asking the federal government to consider installing cryptocurrency ATMs in federal buildings as a way to help foster the pro-digital assets stance pushed by President Donald Trump.
Representative Lance Gooden asked the chief of the General Services Administration — the agency that maintains the government's buildings and real estate — to look into putting the automated teller machines into those facilities as a "signal to the public that the government is embracing innovation in a secure and responsible manner," according to a Thursday letter reviewed by CoinDesk.
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"Expanding accessibility to crypto ATMs within federal buildings aligns with President Trump’s vision of positioning the United States as a global leader in cryptocurrency and blockchain technology," he said.
The GSA already hosts some traditional ATMs in a few of its facilities, according to its website.
The letter requested GSA Acting Administrator Stephen Ehikian review the feasibility of executing the proposal in a way that includes "clear guidelines for the installation and operation of crypto ATMs, focusing on robust identity verification measures and transparency in transaction fees."
This proposal lands as the devices have drawn attention for their use in scams, inspiring Senator Dick Durbin, an Illinois Democrat, to push the Crypto ATM Fraud Prevention Act that would put limits on big transactions. And New Jersey is weighing a new bill that would require the ATM operators to warn users about potential scams and provide live customer service.
At least one of the ATM operators, Bitcoin Depot, reported last month that transactions and revenue from the machines were down, even as bitcoin
trading grew during the recent rise in the price.Gooden's committee assignments don't put him in direct touch with the crypto legislation currently moving through Congress, though advocacy group Stand With Crypto has given him an "A" grade for industry friendliness. As a freshman congressman in 2019, Gooden co-authored a bill to declare that managed stablecoins should be regulated by the Securities and Exchange Commission, but more recently, he co-sponsored legislation that opposed a U.S. central bank digital currency (CBDC) — aligning with the industry in general opposition of government digital dollars.
Jesse Hamilton
Jesse Hamilton is CoinDesk's deputy managing editor on the Global Policy and Regulation team, based in Washington, D.C. Before joining CoinDesk in 2022, he worked for more than a decade covering Wall Street regulation at Bloomberg News and Businessweek, writing about the early whisperings among federal agencies trying to decide what to do about crypto. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers. Jesse is a graduate of Western Washington University, where he studied journalism and history. He has no crypto holdings.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
Що варто знати:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
