A US lawmaker from Texas has suggested bringing cryptocurrency ATMs into government buildings across the country.
Representative Lance Gooden raised the idea in a letter sent on May 1 to Stephen Ehikian, the acting head of the General Services Administration (GSA), the agency that manages federal properties.
Gooden explained that placing crypto ATMs in public buildings could help educate people about new financial technology. He said the decision would also reflect the country’s progress in adopting modern payment methods, which he believes aligns with the goals of President Donald Trump.
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In his letter, Gooden asked the GSA to begin reviewing what rules and requirements would be necessary to add crypto ATMs to government-managed sites.
The GSA’s current policy allows ATMs from federal credit unions to be installed in some buildings. However, it is not clear if this rule can be extended to crypto ATMs, especially those operated by private firms like Bitcoin
$95,317.19
Depot or CoinFlip.
Even if the GSA supports the idea, installing crypto ATMs in federal buildings could be complicated. Ehikian may not have the authority to approve such changes alone. Adding the machines might also require Congress to approve funding or pass new legislation.
Meanwhile, a group of nearly 30 crypto advocates addressed US Securities and Exchange Commission (SEC) Commissioner Hester Peirce in a letter dated April 30 about crypto staking rules. What did the letter say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
