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Connecticut Halts Bitcoin Depot Operations as 2026 Revenue Forecast Weakens Sharply
On March 9, the Connecticut Banking Commissioner’s Consumer Credit Division issued a temporary cease-and-desist order against Bitcoin Depot, suspending its money transmission license in the state. The crypto ATM operator has since cut its 2026 revenue guidance after reporting a 56% year-to-date stock drop, staff layoffs and a sharp share price decline from its mid-2025 peak.