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Story summary
- Spokane, Washington, enacted a ban on cryptocurrency ATMs due to scams, with $240 million lost in the first half of 2025.
- Councilman Paul Dillon led the local effort, and the ban passed unanimously.
- Schwering noted a surge in cases since 2023, affecting vulnerable individuals, including the elderly.
- Critics argue the ban may not stop fraud and could hinder financial privacy as some states consider similar restrictions.
