Bitcoin Depot, a U.S. Bitcoin ATM operator, has had its operations suspended in Connecticut.

U.S. Bitcoin ATM operator Bitcoin Depot is facing both regulatory and performance pressures. The Connecticut State Banking Commissioner, through the Consumer Credit Department, has issued a temporary "termination order" suspending its funds transfer license in the state. Regulatory filings indicate the company is suspected of violating the Funds Transfer Act, including failing to maintain minimum net worth requirements, charging excessive fees, and failing to provide full refunds to victims of fraud. Meanwhile, Bitcoin Depot lowered its 2026 revenue forecast in its latest earnings report. The company expects its core business revenue to decline by 30% to 40% year-over-year in 2026, due to the ongoing changes in the regulatory environment and rising compliance costs potentially suppressing transaction volume. (Cointelegraph)