Crypto ATM scams are surging — and South Dakota’s SB 98 would force refunds, caps and ID checks
South Dakota lawmakers introduced Senate Bill 98 to cap crypto kiosk fees at 3%, set transaction limits, and require ID checks. The bill follows $13.8 million in crypto scam losses reported to the FBI in 2024, with $7.8 million from victims over 60. Victims who file police reports would be eligible for full refunds within 72 hours. The measure has bipartisan support and is now before the Senate Commerce and Energy Committee.