The theft initially grabbed attention over reports that the son of an executive in charge of the crypto stash was involved.
“The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” the president wrote.
In a joint effort between Minnesota lawmakers, local law enforcement, and the Department of Commerce, legislation has been introduced to ban crypto ATMs across the state in response to widespread fraud and financial abuse, particularly of the elderly.