[Texas Cryptocurrency ATM Scam Losses Reach $56.8 Million, Lawmakers Consider Ban] According to Decrypt, by 2025, Texas will have incurred $56.8 million in losses due to cryptocurrency ATM scams, with 1,179 reported complaints. Nationwide losses total $389 million. Officials pointed out that scammers lure victims into transferring digital assets via cryptocurrency ATMs, with funds flowing into non-custodial wallets and mixing tools, making recovery extremely difficult. Texas lawmakers are considering stricter regulatory measures or even a ban on cryptocurrency ATMs.