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Minnesota
2026-08-01 00:46:11

Minnesota crypto ATM ban takes effect on Aug. 1

A new Minnesota state law banning cryptocurrency ATMs is set to take effect on Aug. 1. Under the measure, crypto ATMs in the state must stop operating by Aug. 1 and be physically removed from stores and other locations by the end of the year. When the bill was passed, Minnesota had about 350 licensed crypto ATMs run by eight companies. The Minnesota Department of Commerce said regulators investigated 134 complaints tied to crypto ATMs between 2023 and 2025, with residents losing nearly $1 million. Law enforcement said funds sent through these transactions often end up overseas, making them difficult to trace. Even after the ban takes effect, residents will still be able to trade cryptocurrencies through regulated online platforms, according to CBS News.

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Minnesota crypto ATM ban takes effect on Aug. 1
xAI
2026-07-30 15:42:17

xAI sues Minnesota to block AI nudification law before it takes effect

Elon Musk’s xAI has sued Minnesota Attorney General Keith Ellison in federal court in a bid to stop HF 1606, a state law described as the first in the U.S. to target AI “nudification” tools. The statute would impose strict liability on platforms if users generate realistic images of real people showing body parts they never exposed, with penalties of up to $500,000 for each image. xAI says it does not oppose banning the distribution of nonconsensual AI-generated nude images of real people, but argues Minnesota’s law sweeps far beyond that goal and punishes protected speech under the First Amendment. The company says the law lacks a safe harbor for good-faith moderation, does not require proof that a platform knew about wrongdoing, and can apply even when an image is consensual or never shared. Minnesota passed the bill by overwhelming margins after a case involving sexualized AI images of more than 80 women. The law is scheduled to take effect Saturday, and xAI wants a federal judge to halt it before then.

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xAI sues Minnesota to block AI nudification law before it takes effect
Minnesota
2026-07-28 00:12:46

Minnesota court blocks enforcement of state ban targeting prediction markets

A federal judge in Minnesota has ruled that the state is likely preempted from enforcing a law that treats prediction market operations as a criminal offense. According to CoinDesk, U.S. District Judge Katherine Menendez found that the Minnesota statute likely conflicts with the federal Commodity Exchange Act, which governs products falling under the jurisdiction of the Commodity Futures Trading Commission. The court granted a preliminary injunction in favor of Kalshi, Polymarket and the CFTC, halting enforcement of the state law while the case proceeds. In her ruling, Menendez said the contracts at issue are structured as swaps, placing them within the CFTC’s regulatory scope under federal law. She also said federal law likely overrides the Minnesota statute and that the three plaintiffs are likely to succeed on the merits at trial. The judge also found that allowing the law to remain in effect during the litigation would cause irreparable harm to Kalshi and Polymarket. The preliminary injunction will stay in place until the court issues a final judgment in the case.

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Minnesota court blocks enforcement of state ban targeting prediction markets