#public chapter 766

The post Crypto ATM industry loses bid to block Tennessee ban appeared on BitcoinEthereumNews.com. A federal court has denied a request to suspend Tennessee’s new ban on crypto ATMs, which is an early legal blow to the kiosk sector at a time when state governments are moving from imposing restrictions on the devices to outright bans. Tennessee Attorney General Jonathan Skrmetti announced the ruling on July 7, stating that Public Chapter 766 would continue to be enforceable while a constitutional challenge by CoinFlip operator GPD Holdings LLC and kiosk owner Charles Wernicke is pending. While the court did not rule on the constitutionality of the ban, it determined that the plaintiffs did not meet the high threshold necessary to stop its application before the hearing. Court lets Tennessee enforce the ban According to Public Chapter 766, installing, operating, or allowing a virtual currency kiosk anywhere in Tennessee is a Class A offense. Plaintiffs stated that the law would result in

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

A federal court has allowed Tennessee’s ban on cryptocurrency ATMs to take effect while a constitutional lawsuit continues, giving the state an early legal win in its anti-fraud push. 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 […]