In a continued effort to protect investors from fraudulent schemes, the Nebraska Securities Commission has announced a crackdown on cryptocurrency scams in the state. On July 9, 2025, the commission issued a warning to residents about the risks associated with investing in cryptocurrency and announced several enforcement actions against companies operating in the state.According to the commission, a growing number of Nebraskans have fallen victim to cryptocurrency scams in recent months, lured by promises of high returns and quick profits. Many of these schemes operate through online platforms and social media, making it difficult for investors to verify the legitimacy of the investments.The commission's enforcement actions targeted several companies and individuals who were found to be promoting fraudulent cryptocurrency schemes. One such company, CryptoGold LLC, was ordered to cease and desist from offering unregistered securities to Nebraska residents. The company had been promising investors guaranteed returns on their investments in various cryptocurrency projects.In addition to issuing cease and desist orders, the commission also levied fines against several individuals who were found to be promoting fraudulent cryptocurrency schemes. These fines ranged from thousands to tens of thousands of dollars, reflecting the severity of the violations.In a statement, Nebraska Securities Commissioner Sarah Carpenter emphasized the importance of conducting thorough research before investing in cryptocurrency. She warned residents to be wary of investment opportunities that seem too good to be true and to seek advice from a financial professional before making any investment decisions.The crackdown on cryptocurrency scams comes amid a growing trend of fraudulent activity in the cryptocurrency market. With the rise of decentralized finance and the increasing popularity of digital assets, regulators across the country are taking steps to protect investors from scams and fraudulent schemes.The Nebraska Securities Commission's efforts to combat cryptocurrency scams have been welcomed by investors and consumer advocacy groups alike. By cracking down on fraudulent schemes and holding bad actors accountable, the commission is working to safeguard the integrity of the financial markets and protect investors from harm.