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Lincoln council adopts cryptocurrency‑ATM rules, orders signage and 30‑day rollout
Summary
Council approved a new municipal chapter regulating cryptocurrency ATMs and amended the effective date so required signage must be in place and the ordinance goes into effect 30 days after mayoral signage; council cited local fraud losses and sought quicker public notice for machine users.
The Lincoln City Council on Nov. 17 adopted an ordinance establishing local rules and penalties for cryptocurrency ATMs and voted to accelerate implementation so signage and outreach are in place before fines or enforcement take effect.
Council members discussed evidence that crypto‑ATM fraud has harmed local residents. One council speaker cited more than $11 million in local losses and urged immediate action to protect senior consumers. The ordinance creates a local regulatory chapter governing cryptocurrency kiosks (including permit and signage requirements and penalties) to complement state law enacted earlier in 2025.
Councilman (speaker 12) moved to remove a delayed effective date and implement the ordinance more rapidly; the motion was seconded and then amended on the floor to make the ordinance effective 30 days after the mayor signs and the city distributes signage. City staff and the mayor’s office requested the 30‑day window (rather than 15 days) to print and distribute materials to more than 100 machine locations. The council adopted the motion and the amendment and approved the ordinance unanimously (6–0).
Law enforcement staff and city administrators told the council the state law is already in effect and that the new city signage is intended to reduce losses and to help law enforcement and consumer groups identify and triage fraud complaints. Council members thanked AARP and other advocacy partners for their work on the issue.
What’s next: the mayor will sign the ordinance and city staff will distribute required signage; the ordinance becomes effective 30 days from that signature and distribution date.
