Tennessee bans crypto ATMs statewide, joining Indiana in fraud crackdown
The Block
Tennessee has enacted a statewide ban on crypto ATMs to combat rising fraud, becoming the second U.S. state to take this measure.Summary
Tennessee has officially signed House Bill 2505 into law, effectively banning all crypto ATMs across the state starting July 1. The legislation makes operating or hosting these kiosks a Class A misdemeanor, punishable by up to one year in prison and a $2,500 fine. Following Indiana's recent lead, Tennessee aims to curb the significant financial fraud facilitated by these machines, which were linked to nearly $390 million in losses in 2025 alone, particularly affecting older Americans.
(Source：The Block)