LINCOLN, Neb. — Mayor Leirion Gaylor Baird has introduced a new ordinance in Lincoln aimed at safeguarding older adults from cryptocurrency fraud. The proposal mandates businesses with cryptocurrency ATMs to display warnings about potential fraud risks.
“Some individuals are using cryptocurrency to attempt to defraud our seniors,” said Mayor Gaylor Baird.
She noted the proliferation of crypto ATMs, with 45,000 nationwide, including 200 in Nebraska and about 40 in Lincoln, as a growing concern for scams.
Police Chief Michon Morrow reported that since 2021, Lincoln has experienced 426 cases of cryptocurrency fraud, resulting in $11.1 million in losses. The average age of victims is 56, with 42% aged 65 or older.
“Cryptocurrency fraud is on the rise, so is our result to stop it,” said Morrow, announcing a new position within the Lincoln Police Department’s Technical Investigations Unit dedicated to cryptocurrency fraud investigations, starting in January 2026.
Randy Jones, Aging Partners Director, and Todd Stubbendieck, AARP Nebraska Director, supported the mayor’s announcement. Stubbendieck highlighted a 99% increase in complaints related to virtual currency kiosks in 2024, with losses exceeding $246 million. He stressed the ordinance’s role in helping potential victims recognize scams. Jones advised older adults to be cautious with money transfer requests.
The ordinance is set to appear before the City Council on Oct. 27, followed by two more readings, with final approval expected at the Nov. 17 meeting. If passed, it will take effect on Jan. 16, 2026, allowing time for business education. The Lincoln Police Department and AARP will collaborate on these efforts, providing necessary signage to businesses.