Overview
- The House approved S.F. 3868 by a 127–7 vote after earlier Senate passage, sending the crypto‑kiosk ban to the governor.
- Backers say kiosks let people turn cash or debit payments into cryptocurrency that police struggle to trace or recover during scam investigations.
- Minnesota regulators count about 350 licensed kiosks run by roughly eight to ten companies across the state.
- FBI reports cited by lawmakers show more than $100 million lost in 2024 and about $240 million in just the first half of 2025, with seniors often targeted.
- Operators including CoinFlip oppose the bill, arguing they follow money‑service rules and urging regulation instead of a ban that would make Minnesota an early adopter if signed.