Svmuu News: Minnesota Democratic-Farmer-Labor Party Representative Erin Koegel recently introduced House Bill 3642, which aims to ban the placement and operation of cryptocurrency kiosks statewide. The proposal stems from multiple reports by local law enforcement of fraud cases targeting the elderly, some of whom have faced severe financial hardship as a result. The Minnesota Department of Commerce has expressed “strong support” for the bill and plans to introduce broader consumer protection proposals in the coming days. According to reports, there are currently about 350 cryptocurrency ATMs in Minnesota operated by 8–10 companies. Last year, the state received 70 related complaints, with reported losses totaling $540,000. The bill would repeal the current regulatory framework established in 2024, including provisions such as disclosure requirements and transaction limits.