[Minnesota Proposes Ban on Cryptocurrency ATMs to Combat Fraud] Minnesota Democratic-Farmer-Labor Party Representative Erin Koegel has introduced bill HF 3642, aiming to prohibit the placement and operation of cryptocurrency ATMs statewide. This move stems from multiple fraud cases targeting seniors reported by law enforcement, with victims losing a total of $540,000. The Minnesota Department of Commerce has expressed support for the bill and plans to propose broader consumer protection measures. Currently, there are approximately 350 cryptocurrency ATMs in the state, operated by 8-10 companies. The bill would repeal the existing regulatory framework established in 2024.