Tennessee Crypto ATM Ban Takes Effect After Federal Court Rejects Emergency Challenge
The post Tennessee Crypto ATM Ban Takes Effect After Federal Court Rejects Emergency Challenge appeared on BitcoinEthereumNews.com. Key Takeaways A federal court denied an emergency request to block Tennessee’s cryptocurrency ATM ban before its July 1 effective date. Public Chapter 766 remains enforceable while constitutional challenges from CoinFlip and Private IT Corporation move forward. The court found public interest favored enforcement, although plaintiffs showed the law would cause economic harm. Why Did Tennessee’s Cryptocurrency ATM Ban Survive Its First Legal Test? A federal court declined to halt Tennessee’s cryptocurrency ATM ban before it took effect, Attorney General Jonathan Skrmetti announced July 7. The ruling followed a lawsuit by GPD Holdings, LLC, operating as Coinflip, and Charles Wernicke, CEO of Private IT Corporation. The plaintiffs sought a temporary restraining order blocking Public Chapter 766 before its July 1 implementation. The court found the plaintiffs f