The US State of Nebraska is now “open for companies” within the crypto house, mentioned the state’s Governor Jim Pillen. In an X put up on Wednesday, he emphasised that Nebraska has been “working laborious” to turn out to be a crypto chief.
“We wish everybody to know that we’re open for enterprise – and that we’re doing it the best means,” the Governor wrote.
Cryptocurrency is an rising business, and we’ve been working laborious to construct Nebraska right into a crypto chief. We wish everybody to know that we’re open for enterprise – and that we’re doing it the best means. @NebraskaDBF @TeamPillen https://t.co/2b0YtzG8xL
— Governor Jim Pillen (@TeamPillen) March 12, 2025
In an official assertion from the Governor’s workplace, Nebraska Division of Banking Director Kelly Lammers famous that the state welcomes legit crypto companies. He additional harassed that there shall be a separate staff that may oversee to curb crypto fraud.
“We have to enhance transparency to guarantee these doing authorized enterprise within the State of Nebraska that you’re completely welcome,” mentioned Lammers.
Nebraska Governor Passes Invoice to Defend Crypto ATMs
Apart from the state’s welcoming perspective in direction of crypto companies, Governor Pillen has signed a brand new invoice that protects customers from crypto fraud.
Invoice LB609, signed into legislation on Wednesday, establishes the “Controllable Digital File Fraud Prevention Act” for a “for a secure and strong” crypto business.
The brand new laws goals at defending state residents from fraudulent cryptocurrency kiosks and ATMs, the discharge famous.
“An vital a part of these efforts is to ensure that we’ve guardrails to stop criminals from making the most of Nebraskan,” mentioned Governor Pillen.
In 2023, the FBI obtained 239 complaints from Nebraska residents, over typical crypto thefts, leading to losses amounting to $14,552,697.
Additional, the usage of cryptocurrency kiosks to perpetrate fraudulent exercise in opposition to the US inhabitants has been rising, mentioned IC3 information.
“We look ahead to persevering with to put the groundwork for a secure and strong crypto business in our state,” the Governor added. “That is excellent news for customers.”
People Misplaced $180M to Crypto ATM Fraud
The US Federal Commerce Fee (FTC) information reveals that customers shedding to crypto ATM frauds elevated almost tenfold between 2020 and 2023—from $12 million to $114 million.
The quantity topped $65 million within the first half of 2024, the report famous.
Moreover, the FBI’s Web Crime Criticism Middle has obtained almost 2,700 crypto ATM fraud complaints from people aged 60 and older.
A number of US Senators have stepped up efforts to assist combat fraud and stop criminals from preying on senior residents. As an illustration, final month, Illinois Sen. Dick Durbin introduced a invoice for brand new stricter crypto ATM rules.
“Crypto kiosk operators want to make sure their machines aren’t getting used to victimize weak residents and launder cash for unlawful actions,” mentioned Sen. Reed.
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