Bitcoin Depot, one of the largest cryptocurrency ATM operators in North America, has disclosed serious doubts about its ability to remain in business, citing a cascade of legal judgments, mounting regulatory restrictions, and a sharp drop in revenue. In a quarterly filing with the U.S. Securities and Exchange Commission on Tuesday, the company reported more […]
The past week brought significant developments in cryptocurrency-related legal cases across the United States, ranging from new asset seizures in the FTX case to a former CEO choosing self-representation and a city council taking a firm stance against crypto kiosks. Here is a breakdown of the most consequential events. US Authorities Locate Additional $10 Million […]
The US Commodity Futures Trading Commission has taken the unusual step of suing four states — New York, Connecticut, Arizona, and Illinois — to block them from applying state-level gambling laws to prediction markets such as Kalshi and Polymarket. The move, filed on April 24, escalates a jurisdictional battle over who gets to regulate platforms […]
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, […]
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 […]
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