Prohibits cryptocurrency automatic teller machines.
This bill bans businesses in New Jersey from owning, controlling, installing, managing, selling, or offering for sale cryptocurrency ATMs. These are defined as physical, internet-connected kiosks that let users buy, sell, or exchange digital currency using cash, debit, or credit cards. The law directly affects businesses operating such kiosks, prohibiting them under the state's consumer fraud act with penalties up to $20,000 per violation. It targets a surge in fraud - citing FTC data showing $110 million in losses linked to these machines in 2023 - aimed at protecting consumers, especially older adults who face higher risks.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Science, Innovation and Technology Committee
lower
2 primary · 3 co-sponsors
Sponsors
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