After President Donald Trump took power in the USA, a new era of innovation and crypto adoption has started in the crypto world. After the agreement on the Cryptocurrency Reserve and DeFi Bill, a proposal has come up to install Crypto ATMs in government buildings in the USA. This proposal has been given by Lance Gooden, a member elected from Texas in the US House of Representatives. He has cited Donald Trump’s “Crypto Vision” for his proposal.
What is in this offer
Lance Gooden made this proposal in a letter sent to the General Service Administration of the USA. In which he has asked to consider the possibilities of Crypto ATM installation in federal buildings of the USA. However, it is not clear whether the General Service Administration can do this without the consent of the US Congress. Till the time of writing the news, no response has come from the GSA on this proposal.
Why Gooden wants Crypto ATMs in government buildings
Gooden said that spreading crypto education is essential to increasing crypto adoption. Installing Crypto ATMs in government buildings will not only benefit crypto users but will also attract people to the crypto world who are still outside this growing trend. These Crypto ATMs will become a tool to increase crypto awareness, along with financial services.
Preparations to stop fraud from Crypto ATM
This proposal of Representative Gooden has come at a time when the draft of The Crypto ATM Fraud Prevention Act is being considered to prevent fraud related to Crypto ATM in the USA. This act is about general but necessary rules to protect the elderly from Crypto ATM Frauds. It is worth noting that recently, the FBI released a report regarding crypto fraud, in which it was reported that crypto scams worth $9.3 billion have taken place in the USA in the year 2024. About one-third of these scams happened with the elderly, while the ratio of the elderly in crypto inclusion is the lowest right now.
This proposal by Lance Gooden can be another important step towards crypto adoption in the US. The idea of installing Crypto ATMs in government buildings can not only become a means of making the technology accessible to the common people, but it will also increase awareness and trust in crypto. However, given the increasing crypto fraud, it is also important that concrete steps should be taken regarding security and regulation before any such experiment. Gooden’s proposal shows that in the USA, crypto is no longer just a trend, but is becoming a serious option for future finance.