Share this article
Nebraska Lawyers Accept Bitcoin Following Ethics Board Approval
The lawyer who asked a Nebraska state ethics board about accepting bitcoin says his practice will soon begin taking the cryptocurrency.
By Stan Higgins
Updated Sep 13, 2021, 6:57 a.m. Published Sep 21, 2017, 8:31 p.m.
Make us preferred on Google
The lawyer who asked a Nebraska state legal ethics board about accepting bitcoin as payment says his practice will soon begin taking the cryptocurrency.
As CoinDesk previously reported, the Nebraska Lawyers' Advisory Committee was asked if lawyers could accept bitcoin from either a client directly or through a third party. That request also queried whether lawyers can hold cryptocurrencies in escrow or in a trust on behalf of a client.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The eight-member body, appointed by the state's Supreme Court, largely gave its approval, saying that any cryptocurrencies accepted must be immediately converted into US dollars. Among the notable elements of that ruling – a first – was the call for the use of multi-signature wallets when holding funds in escrow.
Now, Matt McKeever, the attorney who submitted the request, said that his firm Copple, Rockey, McKeever & Schlecht is putting together an official policy for accepting cryptocurrencies as payment. At this time, it's not clear when the practice will officially begin taking cryptocurrencies.
Even still, McKeever struck a bullish tone in statements to the press. According to his LinkedIn account, McKeever works with clients on issues related to cryptocurrency regulation and compliance.
"Accepting bitcoin will be our way of supporting the growing 'Silicon Prairie' in Nebraska," he told the Lincoln Journal-Star.
Image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
BNB rises 2.5%, nears $900 mark as prediction market growth signals utility expansion
A new physically backed BNB exchange-traded product launched on Nasdaq Stockholm, adding to existing investment options.
What to know:
- BNB token climbed 2.5% to $89e, approaching the $900 resistance level, with increased trading volume suggesting fresh buying interest.
- A new physically backed BNB exchange-traded product launched on Nasdaq Stockholm, adding to existing investment options like Grayscale's pending ETF filing.
- BNB Chain saw significant growth in prediction markets, with platforms like Opinion Labs logging over $700 million in 7-day trading volume and cumulative trading volumes crossing $20 billion.
Top Stories
