California bill aims to cap crypto ATM withdrawals at $1,000 per day to combat scams and Drastic Fee Reductions

A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000.

Additionally, starting in 2025, the law would limit operators’ fees to $5 or 15% (whichever is higher). The bill, if approved, would come into effect on January 1, 2024.