State Representative Wendy McNamara’s bill that would ban cryptocurrency kiosks in Indiana is now awaiting the governor’s decision. The proposal comes amid concerns that scammers are using these machines, which are commonly located in grocery stores and gas stations, to trick people into transferring money.
“These scammers aren’t just taking advantage of loopholes—they’re hunting our seniors and vulnerable neighbors,” McNamara said. “They deliberately confuse, pressure, and terrify people into feeding their life savings into these cryptocurrency kiosk machines designed with zero safeguards. By banning these kiosks, we can confront this exploitation head-on and protect Hoosiers from being easy targets.”
The legislation calls for a complete prohibition on the use of cryptocurrency kiosks in the state. It also allows the attorney general to take action against anyone who violates the law.
According to a report from the Federal Bureau of Investigations, consumers lost over $246 million to scams involving cryptocurrency kiosks in 2024.
Evansville Police Department Sergeant Nathan VanCleave spoke in favor of the bill before the House Fiscal Institutions Committee, highlighting an increase in such scams within Indiana. Other states like Illinois, Nebraska, and North Dakota have also addressed similar issues through new laws.
Speaker Todd Huston leads the Indiana House of Representatives with a focus on financial stewardship and community priorities. He supports educational opportunities and public safety initiatives while drawing on his experience in local governance and academic training. According to his official website, Huston is committed to policies that encourage opportunity and prosperity throughout Indiana.
For more information about House Bill 1116 or updates on legislative proceedings, visit iga.in.gov.
