As a Cambridge-trained fintech analyst, I’ve reviewed the Coinme case: a Seattle-based crypto ATM operator fined $300K for breaching CA’s $1,000 daily transaction cap. What’s striking isn’t just the fine—it’s the lack of transparency in receipt disclosures to elderly customers. This isn’t about regulation—it’s about trust erosion in decentralized finance. DFPI’s enforcement signals a new era: compliance is no longer optional.