Nebraska
Nebraska Implements New Legislation To Regulate Crypto ATMs and Enhance Consumer Protection
Nebraska Governor Jim Pillen has signed into law the “Controllable Electronic Record Fraud Prevention Act,” aimed at addressing fraud associated with crypto ATMs.
The legislation, designated as LB609, mandates that operators of crypto kiosks be licensed under the Nebraska Money Transmitters Act and provide clear disclosures regarding their services.
In a statement released on Wednesday, Pillen emphasized the need for protective measures to safeguard consumers from potential scams. He stated that the new law is part of a broader initiative to position Nebraska as a leader in the cryptocurrency sector while ensuring that adequate safeguards are in place to prevent exploitation.
The bill, introduced by Senator Eliot Bostar in January, requires operators to inform customers about the risks associated with cryptocurrency transactions, including warnings about potential fraud. This move is in response to a surge in scams linked to crypto ATMs, which have raised concerns among regulatory bodies.
Nebraska Department of Banking Director Kelly Lammers highlighted the state’s commitment to monitoring the crypto landscape, indicating that a specialized team would be established to oversee activities related to crypto ATMs.
Lammers noted that the law aims to target those who exploit Nebraskans through fraudulent practices.
The Federal Trade Commission has reported a significant increase in consumer losses tied to scams involving Bitcoin ATMs, with losses exceeding $65 million in the first half of 2024 alone. In parallel, U.S. Senator Dick Durbin has introduced the Crypto ATM Fraud Prevention Act to further combat fraud in this sector.
Nebraska
How Nebraska men’s basketball’s historic start to the season could end its NCAA tournament drought
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LINCOLN, Neb. (AP) — Britt Prince scored 20 points and Jessica Petrie added 17 for No. 25 Nebraska in a 78-73 win over Indiana on Thursday night.
Prince, who buried her 700th career point in the fourth quarter, scored 15 of her points in the second half after holding off a late surge from the Hoosiers (11-6, 0-5 Big 10) in the third quarter. Logan Nissley added 11 points.
Indiana went on a 14-1 run in the third to take the lead from Nebraska (14-2, 3-2) for the first time since the beginning of the game, leading briefly at 51-49. Indiana took a 1-point lead with 5:32 to play, but Nebraska scored 16 points over the final 6:14.
Shay Ciezki scored 31 points on 13-of-21 shooting for Indiana, her fourth time this season scoring more than 30 points. Zania Socka-Nguemen added 19 points and 11 rebounds. Maya Makalusky had 12 points. The Hoosiers shot 51% as a team from the field compared to Nebraska’s 42%, but have dropped their fourth straight game.
Up next
Indiana: Hosts No. 14 Iowa on Sunday.
Nebraska: Hosts No. 4 UCLA on Sunday.
___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball
Nebraska
33 Nebraska senators urge Board of Regents to delay vote on $800M acquisition of Nebraska Medicine
LINCOLN, Neb. (KOLN) – Thirty-two Nebraska state senators joined Sen. Brad von Gillern’s letter calling on the Nebraska Board of Regents to delay a vote on the proposed $800 million acquisition of Nebraska Medicine.
The letter, dated Thursday and bearing a total of 33 signatures from state senators, shared concerns about the proposed acquisition, including the lack of transparency to the public and the Legislature.
According to the letter, the regents’ Jan. 9 meeting agenda item summary indicates that the Board has “negotiated the final agreement over a series of meetings in the past 18 months”.
The regents will consider a proposal in which Clarkson Regional Health Services would give up its 50% membership in Nebraska Medicine. The deal would give full control of the health system to the University of Nebraska.
However, the letter said the public and Legislature have had little time to understand the proposal, its impact and any financial implications of the transaction.
“The University of Nebraska and Nebraska Medicine are two institutions of tremendous significance to our state, and any major changes to the existing structures must be carefully considered,” the letter stated.
Senators are asking the Board to delay the vote to “ensure all viable alternatives have been considered and until all stakeholders understand the impact of the proposal for the state” and the two institutions.
The Board of Regents meeting, previously set for Friday, will now be held Thursday, Jan. 15 at 9 a.m.
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