Breaking: Tennessee demands crypto companies cease operations by the end of January, with violations fined up to $25,000

PriceOracleFairy · 2026-01-11T01:00:10+00:00

Tennessee regulators require cryptocurrency companies to cease operations by January 31, revoke all contracts, and refund deposits. Violators will face severe fines or criminal prosecution. This reflects the increasing strictness of state-level regulation of the crypto industry.

PriceOracleFairy

2026-01-11 01:00:10

Abstract generation in progress

[Crypto World] The Tennessee regulatory authorities have recently issued a cease and desist order to companies engaged in cryptocurrency businesses. These companies must fully cease all operations within the state by January 31 and cancel all pending contracts related to Tennessee residents, as well as unconditionally refund all collected deposits and guarantees.

For non-compliant enterprises, penalties will be severe. First, civil fines of up to $25,000 per violation may be imposed. More seriously, violations could also be deemed as aggravated promotion of gambling—which is a felony in Tennessee—meaning the company could face criminal prosecution, and responsible individuals may even be referred to criminal court.

This reflects the increasingly strict regulatory attitude of U.S. states towards the cryptocurrency industry. Platforms and project teams involved in crypto activities need to closely monitor local regulatory changes to ensure full compliance.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

BloodInStreets

· 01-11 13:15

Another state has a stabbing incident. It was a script I should have expected. Over here in the U.S., they never intended for us to live comfortably.

View OriginalReply0

SmartContractPlumber

· 01-11 07:56

Tennessee's approach is quite harsh, directly shutting down the operational space. Speaking of which, project teams with improper permission controls should indeed be cautious—just like those teams that have vulnerabilities in permission management during contract deployment, ultimately even fleeing becomes a serious crime. The classification of violations as gambling crimes is interesting; regulatory formal verification is becoming increasingly strict.

View OriginalReply0

NeverPresent

· 01-11 01:30

Tennessee is serious about this, a $25,000 fine and treating it as a felony? This is no longer a game for players. It's like giving crypto companies the death penalty, with a deadline at the end of January—this is too harsh... Wait, how can they equate crypto with gambling promotion? That logic is a bit absurd. Another state has started hunting down crypto again. The US is really clearing out one state at a time... US regulation tactics: first issuing a warning, then imposing fines—it's the standard method of driving out.

View OriginalReply0

ServantOfSatoshi

· 01-11 01:26

Tennessee's move is really bold, directly pushing crypto companies out? It feels like they're treating the crypto world as a casino.

View OriginalReply0

OnchainUndercover

· 01-11 01:23

Tennessee's approach is a bit harsh, directly going after crypto companies with full force. The US is really becoming less and less welcoming to us... Wait, increasing the punishment for gambling promotion? Is this implying that crypto is gambling? Oh my, how many projects will have to shut down under this wave of regulation? Deadline is January 31st, this timeline is way too tight.

View OriginalReply0

ChainPoet

· 01-11 01:17

Here it comes again, here it comes again. Tennessee is really ruthless, directly charging with gambling crimes? Laughing to death, these regulatory officials just don't want us to make money. --- Damn, a $25,000 fine is just the appetizer. At this level of felony, who are they trying to kill? I think these exchanges should have already run away. --- Compliance? Haha, in the US, talking about compliance with regulatory agencies is just tying yourself in knots, brother. --- Tennessee truly lives up to its reputation as a conservative state. Even crypto has to be linked to gambling crimes, which is really absurd. --- So, this is why you have to choose the right place to do business. Some states in the US just don't welcome people like us. --- Deadline on January 31? That means there will be some good shows in the next few days. How many platforms will be wiped out?

View OriginalReply0

GateUser-26d7f434

· 01-11 01:12

Another state is trying to push out crypto again, it's really a full-scale crackdown. Gambling crime? That logic is also incredible, so the entire crypto world is gambling? Tennessee's move is too harsh, directly telling people to get out, with a deadline at the end of January. This is no joke. Compliance? Easier said than done, as each state has different standards. How is that even possible? It seems that apart from those few friendly states, the rest of the US will have to ban it sooner or later.

View OriginalReply0

DAOdreamer

· 01-11 01:05

Tennessee is cracking down with a direct ban this time, impressive. --- A $25,000 fine at once? Plus compensation for the deposit... that’s going to hurt a lot. --- Doubling down on the charge of gambling crime is a bit harsh; they’re almost treating crypto as black market activity. --- Deadline at the end of January? That gives companies too little time to respond. --- If all states in the US do this, it seems compliance costs will explode in the future. --- Why are there still platforms willing to stay there? Just pull out.

View OriginalReply0

Trending Topics
View More
#
GateProofOfReservesReport
23.91K Popularity
#
ChineseMemecoinBoom
27.75K Popularity
#
CPIDataAhead
50.88K Popularity
#
SOLPriceAnalysis
17.46K Popularity
#
GateSquareCreatorNewYearIncentives
103.47K Popularity

Hot Gate Fun
View More

1
科比
科比
MC:$3.58KHolders:1
0.09%
2
黄道吉日
黄道吉日
MC:$3.64KHolders:2
0.14%
3
神马都是浮云
神马都是浮云
MC:$3.56KHolders:1
0.00%
4
天马
天马
MC:$3.57KHolders:1
0.00%
5
芝马币
芝马币
MC:$3.55KHolders:1
0.00%

Sitemap

Breaking: Tennessee demands crypto companies cease operations by the end of January, with violations fined up to $25,000

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

科比

科比

黄道吉日

黄道吉日

神马都是浮云

神马都是浮云

天马

天马

芝马币

芝马币

Pin

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!

Breaking: Tennessee demands crypto companies cease operations by the end of January, with violations fined up to $25,000

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

科比

科比

黄道吉日

黄道吉日

神马都是浮云

神马都是浮云

天马

天马

芝马币

芝马币

Pin

Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!