Cryptocurrency kiosks have rapidly expanded across our islands. As a result, consumers, especially kupuna, have been exposed to significant financial risk, fraud and irreversible losses. Senate Bill 2387 is a reasonable, necessary and consumer-focused response to these documented harms.

Many consumers who use kiosks do not realize they are converting cash into crypto assets that cannot be disputed, refunded, or traced, once sent. In Hawai‘i, where many residents rely on cash, kiosks can create a false sense of security that mirrors traditional ATMs, but without the same protections.

Senate Bill 2387 reflects Hawai‘i’s values of fairness and protection of our people, while allowing innovation and technology to move forward in a safe and responsible way.

I encourage passage of this legislation.

Nai‘a Newlight
Ha‘iku