Connecticut has enacted legislation prohibiting state and local government investments in digital assets. House Bill 7082, signed into law, explicitly bars Connecticut state entities from allocating funds to cryptocurrencies.
The law represents a cautious regulatory approach towards digital assets. It includes consumer protection provisions imposing transaction limits: new customers face a $2,000 cap per 24 hours, while existing customers are limited to $5,000.
This move contrasts sharply with legislative actions in states like Texas, Arizona, and New Hampshire. These states have recently passed laws supporting state-level crypto reserve holdings, actively embracing digital assets.
Internationally, the adoption strategy varies significantly. Countries such as Kazakhstan are exploring the feasibility of adding cryptocurrencies to national reserves, recognizing their potential amid evolving global financial systems.
Connecticut’s ban underscores a widening divergence in cryptocurrency regulatory perspectives among U.S. states and across the global landscape. The enactment highlights ongoing debates over the role and risks associated with government exposure to volatile digital asset markets.