{
 "jurisdiction_id": "US-TN",
 "jurisdiction": "United States – Tennessee",
 "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-17",
 "schema_version": "crypto-v2.0.0",
 "counts": {
  "modules": 8,
  "sourced_findings": 14,
  "source_register": 10
 },
 "modules": [
  {
   "code": "crypto_licensing",
   "name": "Crypto Licensing",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#crypto-licensing-crypto-licensing",
   "standing_position": "Tennessee has no bespoke crypto-asset licensing statute. Virtual-currency exchange and custody businesses fall under the state's general Money Transmitter licensing regime administered via NMLS, per the seed disambiguation. Separately, in April 2026 Tennessee enacted a targeted prohibition on virtual-currency kiosks (crypto ATMs) statewide, and its Sports Wagering Council has separately asserted that crypto-linked prediction-market platforms are engaging in unlicensed gambling. This mix of a general licensing backstop, a hard-ban carve-out for kiosks, and contested enforcement against event-contract platforms produces a fragmented, actively-shifting licensing posture.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "token_classification",
   "name": "Token Classification",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#token-classification-token-classification",
   "standing_position": "Tennessee has no state-level statutory taxonomy classifying crypto-assets as securities, e-money tokens, or utility tokens. Per the seed disambiguation, token characterisation for securities purposes is governed by federal SEC/CFTC jurisdiction, not a Tennessee-specific scheme. Tennessee's 2018 law recognizing blockchain data and smart contracts as legally valid records provides a narrow, adjacent form of legal recognition but does not constitute a token classification regime.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "on_chain_activity_regime",
   "name": "On-Chain Activity Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#on-chain-activity-regime-on-chain-activity-regime",
   "standing_position": "No Tennessee-specific statute or regulation governing staking, DeFi lending, DEX operation, mining, node operation, validator activity, or tokenization has been identified. The one Tennessee nexus in this space is procedural/venue-related: a federal tax dispute over Tezos staking-reward taxation (Jarrett v. United States) was litigated in the U.S. District Court for the Middle District of Tennessee, but this is a federal tax matter, not a Tennessee on-chain-activity regulation, and produced no binding precedent because the case was resolved via IRS refund rather than judicial ruling.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "stablecoin_regime",
   "name": "Stablecoin Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#stablecoin-regime-stablecoin-regime",
   "standing_position": "Tennessee has not enacted a state-specific stablecoin authorization, reserve, redemption, or systemic-designation regime. Stablecoin issuance and reserve requirements in this jurisdiction are governed exclusively by the federal GENIUS Act framework; Tennessee has no independent state-level overlay identified.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "consumer_protection",
   "name": "Consumer Protection",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#consumer-protection-consumer-protection",
   "standing_position": "Tennessee's principal crypto-specific consumer-protection intervention is the statewide ban on virtual-currency kiosks (HB 2505, effective July 1, 2026), enacted directly in response to elder-fraud and scam losses associated with crypto ATMs, which nationally totaled roughly $389 million in reported losses in 2025 according to FBI data cited in reporting. Beyond the kiosk ban, no broader Tennessee-specific statute mandating crypto risk disclosure, custody segregation, or complaint-handling for exchanges/custodians has been identified; such matters would default to general state consumer-protection and money-transmitter licensing law.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "tax_treatment",
   "name": "Tax Treatment",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#tax-treatment-tax-treatment",
   "standing_position": "Tennessee is one of the U.S. states with no state personal income tax, meaning no state-level capital gains tax applies to individual crypto-asset gains; state tax exposure on crypto transactions is effectively nil, though federal capital-gains and income-tax rules (IRS treatment of crypto as property) apply uniformly regardless of state. A notable federal tax dispute over the taxability of proof-of-stake rewards was litigated in the Middle District of Tennessee (Jarrett v. United States) but was resolved via IRS refund without a precedential ruling, leaving the federal question of staking-reward timing unresolved.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "cross_border_transfer",
   "name": "Cross-Border Transfer",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#cross-border-transfer-cross-border-transfer",
   "standing_position": "No Tennessee-specific statute restricting outbound crypto-asset transfers, imposing state-level cross-border reporting thresholds, or extending the travel rule beyond federal requirements has been identified. Federal OFAC sanctions-screening and FinCEN's funds/travel-rule obligations apply uniformly to Tennessee-domiciled money transmitters engaged in convertible-virtual-currency transactions, without a distinct state overlay.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "aml_cft_regime",
   "name": "AML/CFT Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-tennessee/#aml-cft-regime-aml-cft-regime",
   "standing_position": "Crypto AML/CFT obligations for this jurisdiction are handled under the fleet's shared Financial Integrity Module (FIM) subscription for aml_ctf; per the module-subscription reminder, no aml_cft_regime claims are produced in this baseline. Disambiguation context only: federal FinCEN money-transmitter/MSB obligations (registration, recordkeeping, SAR/CTR reporting, travel rule) apply uniformly to Tennessee-based virtual-currency businesses absent any state-specific AML overlay.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  }
 ]
}