Signed by Governor Jim Pillen

Vote Smart's Synopsis:

Vote to pass a bill that establishes state cryptocurrency regulations in Nebraska.

Highlights:

• Defines this bill as the Controllable Electronic Record Fraud Prevention Act and establishes state cryptocurrency regulations in Nebraska (Sec. 2-12).

• Requires a license for operators of crypto ATMs, daily transaction limits, fraud warning notices, transaction receipts to help law enforcement, fee caps to prevent excessive charges (Sec. 2-12).

• Requires cryptocurrency operators to issue refunds for transactions identified as fraudulent (Sec. 2-12).

• Requires notice of potential fraud for purchasers of gift certificates and gift cards, and amends provisions relating to search warrants (Sec. 2-12).

• Specifies the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 13).

Full Bill Text