Bitcoin Depot's new CEO Alex Holmes, a former MoneyGram executive, leading the company during state regulatory challenges.
Bitcoin News

Bitcoin Depot Appoints Compliance Veteran as CEO Amid Intensifying State Regulatory Scrutiny

In a decisive leadership shift, Bitcoin Depot has appointed former MoneyGram chief executive Alex Holmes as its new CEO, a move that comes as the cryptocurrency ATM operator faces escalating regulatory enforcement actions from multiple U.S. states over consumer protection and anti-money laundering concerns. The Atlanta-based company announced the immediate change on March 25, 2026, […]

Bitcoin Depot kiosk suspended amid Connecticut regulatory action and declining revenue.
Bitcoin News

Bitcoin Depot Suspended in Connecticut as 2026 Revenue Outlook Plummets

HARTFORD, Conn. — Connecticut banking regulators have suspended Bitcoin Depot’s operations, delivering a significant blow to the cryptocurrency ATM provider as it warns of a sharply weaker 2026 revenue outlook amid mounting legal challenges across multiple states. The action, taken on March 9, 2026, by the state’s Consumer Credit Division, cites alleged violations of money […]