Connecticut Governor Ned Lamont has signed legislation formally banning the inclusion of Bitcoin and other digital assets in state-managed investment portfolios.
The new law, often referred to as the ‘Bit Reserve Prohibition,’ explicitly restricts Connecticut from allocating funds towards cryptocurrencies like Bitcoin within its state-managed portfolio holdings.
This legislative action reflects Connecticut’s deliberate and cautious stance regarding the integration of blockchain-based financial instruments into official state investment strategies.
By enacting this ban, state policymakers emphasize a focus on risk management and financial stability within Connecticut’s broader financial planning.