Texas Lawmaker Wants Crypto ATMs Installed In Federal Buildings

Int'l Business Times

02-05-2025

Rep. Gooden said the initiative may also raise more awareness for people new to crypto
He said crypto has already 'becoming an integral part of the global financial system'
Gooden said the initiative aligns with President Trump's bid to make America a crypto superpower
A Republican representative has urged the U.S. General Services Administration (GSA) to install cryptocurrency ATMs within federal buildings across the country, saying it will not only foster innovation but will also enhance the infrastructure of public services.
For Rep. Lance Gooden of Texas, the GSA should explore the potential of the initiative that he believes will benefit Americans in the long run. Crypto ATMs in Federal Buildings Provide Convenience Among Other Benefits: Gooden
In a letter sent Thursday to GSA Acting Administrator Stephen Ehikian, Gooden wrote how crypto, albeit still an emerging sector, has already "become an integral part of the global financial system" and many people rely on cryptocurrencies for various financial transactions.
For Gooden, installing crypto ATMs across federal buildings will provide: Improved accessibility
Better convenience, particularly for citizens in underserved areas with limited access to traditional financing
Public education opportunities, especially for those interested in the emerging industry
Greater access to the growing, diverse consumer base of crypto users Proper Implementation a Necessary Move
Though Gooden was focused on highlighting the potential benefits of installing crypto ATMs across the country's federal buildings, he also reiterated the importance of implementing such an initiative in the most effective manner.
He said implementation plans should focus on the following aspects: Security
Compliance
Consumer protection
Clear guidelines for installation
Clear rules for crypto ATM operation
Robust identity verification
Transparency in transaction fees
The GOP congressman went on to urge the GSA to collaborate with regulators, industry experts and tech providers to ensure that relevant industry standards are applied and anti-money laundering guardrails are prioritized in the initiative's planning stage.
"Expanding accessibility to crypto ATMs within federal buildings aligns with President [Donald] Trump's vision of positioning the United States as a global leader in cryptocurrency and blockchain technology," he reiterated.
He said that by embracing his proposal, the country is taking a major step toward cementing the United States' status as a global superpower in the rising digital financial landscape.
As Gooden reiterated in his letter, Trump has embraced blockchain and crypto since deciding to run for president a second time.
After taking power, he has since signed a crypto executive order and has also repeatedly reaffirmed his commitment to the burgeoning industry and its lively community.