Connecticut Governor Ned Lamont has signed legislation prohibiting the state from accepting cryptocurrency as official reserves or for payments.
The law, known as House Bill 7082, explicitly forbids the Connecticut government and its agencies from holding virtual currencies as state assets or using them for government transactions.
This legislative action establishes Connecticut’s stance in contrast with US states actively embracing digital assets, including Texas and New Hampshire.
The divergence highlights the lack of uniformity in cryptocurrency regulation approaches across individual states.
The federal government under former President Donald Trump, however, signaled support through initiatives like an executive order proposing a ‘Strategic Bitcoin Reserve’.
The implementation of Connecticut’s ban underscores regulatory caution and may shape future governance approaches to cryptocurrency assets within the United States.