Bitcoin has plunged more than 30 percent and Ether is down around 40 percent in recent months, as gains from President Trump’s pro-crypto policies evaporated.

© The New York Times

The kiosks, which resemble conventional A.T.M.s and convert cash into virtual currencies, are increasingly under scrutiny as a tool for scammers.

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As President Trump has championed crypto and the industry has gone mainstream, funds from scammers and other criminal groups have flowed onto major crypto exchanges.

© Karolis Strautniekas

In the Trump administration’s latest example of dialing back cryptocurrency enforcement, Roger Ver agreed to pay about $48 million to end a tax fraud case.

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