• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Price Surge Fueled by Institutional Moves and Whale Activity

    Bitcoin Hits Record High Amid Whale Transactions

    Bitcoin Price Surges Amidst Whale Transactions, ETF Inflows

    Genius Group Expands Bitcoin Holdings to 85.5 BTC

    Singapore’s Genius Group Buys 24.5 More Bitcoin

    Eric Trump Claims Bitcoin Global Accumulation Surge

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Ripple Acquires Hidden Road for $1.25 Billion Expansion

    SEC Acknowledges Canary Capital’s Staked TRX ETF Filing

    SEC Acknowledges Canary Capital’s Staked TRX ETF Filing

    Solana Eyes Potential Rally Amid Market Optimism

    XRP Ledger Introduces Privacy-focused Features for Institutional DeFi

    XRP Ledger Introduces Privacy and Compliance Features

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Rep. Lance Gooden Proposes Crypto ATMs in Federal Buildings

Solomon M. by Solomon M.
May 2, 2025
in Latest News
Key Points:
  • Gooden proposes crypto ATMs in federal sites. No funding announced.
  • Move aligns with broader financial tech innovation.
  • Potential impacts on BTC and ETH usage ahead.
rep-lance-gooden-proposes-crypto-atms-in-federal-buildings
Rep. Lance Gooden Proposes Crypto ATMs in Federal Buildings

Increasing Access to Cryptocurrency in Federal Buildings

On May 1, 2025, Rep. Lance Gooden proposed the installation of cryptocurrency ATMs in federal buildings through a letter to Stephen Ehikian of the GSA. This initiative aims to use crypto ATMs as educational resources to signal federal support.

Rep. Lance Gooden, a Texas Congressman, is advocating for these changes without specifying funding or partnerships. The proposal emphasizes strong identity verification and transparency in transaction fees as part of the integration strategy.

“Enhancing access to crypto ATMs in buildings align with President’s vision establishing the United States as a frontrunner in cryptocurrency and blockchain technology.” – Rep. Lance Gooden, U.S. House of Representatives

Potential Impact on Top Cryptocurrencies

Should the proposal proceed, it could impact top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) by increasing their visibility and access. Crypto ATMs typically service these assets and may boost their usage and transaction volumes.

The installation of crypto ATMs in federal buildings indicates a political shift towards tech adoption. Although no immediate financial commitments are visible, the proposal aligns with broader trends in digital currency adoption in government operations.

The Broader Implications and Regulatory Considerations

Federal endorsement could potentially influence other sectors to adopt similar initiatives. However, regulatory scrutiny, such as the Crypto ATM Fraud Prevention Act, remains a consideration, with lawmakers like Sen. Dick Durbin focusing on fraud prevention in the sector.

“We need to implement common sense guardrails and restrictions to reduce fraud risk in the ATM sector.” – Sen. Dick Durbin, U.S. Senate

Potential outcomes of the proposal include increased crypto transaction volumes, enhanced public familiarity with digital currencies, and new regulatory frameworks. Historical data shows mixed results, with prior government adoption of crypto infrastructure marking slight upticks in local usage.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Dogecoin Whales Accumulate 100 Million DOGE as Price Rises

Next Post

Fartcoin Price Surges, XRP Nears Breakout, as Dragoin’s Tap-to-Earn Presale Targets a Massive 1000x

Solomon M.

Solomon M.

Related Posts

Ripple Acquires Hidden Road for $1.25 Billion

by Joshua T.
May 23, 2025

Ripple's $1.25B acquisition of Hidden Road aims for broader crypto integration.

US Banks Explore Joint Stablecoin Venture

by Solomon M.
May 23, 2025

Major US banks, including JPMorgan and Bank of America, are exploring launching a stablecoin in a new joint venture.

US Banks Explore Joint Stablecoin Initiative

by Solomon M.
May 23, 2025

Major US banks, including JPMorgan and Citigroup, consider a joint stablecoin to compete with cryptocurrencies.

Ethereum Surpasses Bank of America in Market Capitalization

by Solomon M.
May 23, 2025

Ethereum's market cap hits $327 billion, surpassing Bank of America. ETF inflows contribute significantly.

Ethereum Surpasses Bank of America in Market Cap

by Adriana M.
May 23, 2025

Ethereum exceeds Bank of America's market cap following $100M ETF inflows approval.

Pemex Announces Over 3,000 Employee Layoffs Amid Restructuring

by Solomon M.
May 23, 2025

Mexican oil giant Pemex plans significant layoffs to cut costs and restructure operations.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.