AARP Nebraska is pleased to announce Senator Eliot Bostar of Lincoln (District 29) as the recipient of its Community Fraud Fighter Award. This prestigious AARP award represents a select, bipartisan group of elected officials, law enforcement, and other partners across the country who have made significant efforts to prevent fraud.
Signed by the governor in March, the law caps daily transactions at $2,000 for new crypto ATM customers and $10,500 for existing ones. It also requires crypto ATM operators to be licensed, to post notices warning consumers about the fraud risks associated with using the machines and to provide refunds to customers who report an incident of fraud within 30 days after the transaction.
On March 11, Governor Jim Pillen signed Nebraska Legislative Bill 609, the Controllable Electronic Record Fraud Prevention Act, into law. Introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, the bill successfully passed its final reading on March 6.
Nebraska’s cryptocurrency landscape has been evolving, and so have the risks associated with it. The Nebraska Legislature’s proposed Controllable Electronic Record Fraud Prevention Act (Legislative Bill 609), introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, passed final reading on March 6, and now awaits Governor Pillen’s signature to become law.
Under a new city ordinance in Omaha, individuals or businesses operating or providing access to a cryptocurrency ATM must post a written notice that warns consumers of the potential fraud risks associated with using such machines.