Massachusetts · 194th Legislature (2025-2026) · Bill
S 3048: An Act to stop cryptocurrency ATM misuse ("SCAM" Act)
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 3048 is a bill introduced in the Massachusetts Senate on April 15, 2026. According to its official title, it concerns: An Act to stop cryptocurrency ATM misuse ("SCAM" Act). Primary sponsor: Joint Committee on Financial Services. It lists 16 additional sponsors. Most recent recorded action (April 15, 2026): Bill reported favorably by committee and referred to the committee on Senate Ways and Means.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Senate, April 15, 2026 -- The committee on Financial Services, to whom was referred the petitions (accompanied by bill, Senate, No. 707) of John J. Cronin, Joanne M. Comerford, Peter J. Durant, Patricia D. Jehlen and other members of the Senate for legislation relative to prevent fraud and establish regulations on certain virtual currencies; and (accompanied by bill, Senate, No. 757) of Barry R. Finegold for legislation to establish regulations on certain virtual currencies for fraud prevention, report the accompanying bill (Senate, No. 3048).
Sponsors
Sponsors by party (alphabetical): Democratic 11 · Independent 1 · Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Joint Committee on Financial Services | Primary sponsor | Not applicable (committee) | — | — |
| Mike Brady | Co-sponsor | Democratic | Senate | Second Plymouth and Norfolk |
| Jo Comerford | Co-sponsor | Democratic | Senate | Hampshire, Franklin and Worcester |
| John Cronin | Co-sponsor | Democratic | Senate | Worcester and Middlesex |
| Sal DiDomenico | Co-sponsor | Democratic | Senate | Middlesex and Suffolk |
| Peter Durant | Co-sponsor | Republican | Senate | Worcester and Hampshire |
| Jamie Eldridge | Co-sponsor | Democratic | Senate | Middlesex and Worcester |
| Ryan Fattman | Co-sponsor | Republican | Senate | Worcester and Hampden |
| Barry Finegold | Co-sponsor | Democratic | Senate | Second Essex and Middlesex |
| Pat Jehlen | Co-sponsor | Democratic | Senate | Second Middlesex |
| Brad Jones | Co-sponsor | Republican | House | 20th Middlesex |
| Jason Lewis | Co-sponsor | Democratic | Senate | Fifth Middlesex |
| Joan Lovely | Co-sponsor | Democratic | Senate | Second Essex |
| Jake Oliveira | Co-sponsor | Democratic | Senate | Hampden, Hampshire and Worcester |
| Bruce Tarr | Co-sponsor | Republican | Senate | First Essex and Middlesex |
| John Velis | Co-sponsor | Democratic | Senate | Hampden and Hampshire |
| Susannah Whipps | Co-sponsor | Independent | House | 2nd Franklin |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Bill reported favorably by committee and referred to the committee on Senate Ways and Means
- New draft of S707 and S757
- Reported from the committee on Financial Services