Tennessee judge issues injunction blocking state move against Kalshi
A Tennessee judge has issued an injunction that prevents the state from taking action against Kalshi, a cryptocurrency exchange. The state had sought to impose regulations on Kalshi, arguing that it was operating without proper licensing. The judge's ruling allows Kalshi to continue its operations without state interference for the time being. This decision highlights ongoing tensions between state regulators and cryptocurrency platforms regarding compliance and oversight. Kalshi's legal team expressed satisfaction with the ruling, emphasizing the importance of regulatory clarity in the crypto industry.
Read the full article: Coin Telegraph