A U.S. federal court has denied an emergency temporary restraining order sought by CoinFlip and Private IT Corporation against Tennessee's ban on crypto ATMs, which became effective on July 1. The court ruled that the plaintiffs did not meet the legal criteria for an emergency injunction, despite their claims of financial harm. Tennessee Attorney General Jonathan Skrmetti described crypto ATMs as tools for scams, asserting that they are rarely used for legitimate purposes. The ban classifies the installation or operation of a crypto ATM as a Class A misdemeanor. The constitutional challenge to the ban will continue, with a final decision pending on its long-term viability.
U.S. Court Rejects Bid to Halt Tennessee Crypto ATM Ban
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