Crypto ATM industry loses bid to block Tennessee ban
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