Connecticut Goes Anti-Crypto as Governor Lamont Signs Bill Banning State Digital Asset Investments
2025-07-01 12:25:23
Main Idea
Connecticut Governor Ned Lamont signed a bill banning the state from holding or investing in Bitcoin reserves, while 26 other states have introduced or passed Bitcoin reserve bills.
Key Points
1. Connecticut's H.B. 7082 prohibits the state and its subdivisions from accepting, holding, or investing in Bitcoin reserves.
2. 26 states have introduced 47 Bitcoin reserve bills, with Texas, New Hampshire, and Arizona already approving state-level Bitcoin reserve frameworks.
3. Texas passed Senate Bill 21, establishing the first state-funded Bitcoin reserve, overseen by Comptroller Glenn Hegar.
4. New Hampshire allows up to a 5% allocation of public funds into Bitcoin reserves under Bill 1180, passed unanimously.
5. Arizona has introduced HB 2749 and HB 2324, creating frameworks for managing unclaimed Bitcoin and corporate adoption.
Description
Connecticut Governor Ned Lamont has officially signed into law a comprehensive “Bitcoin Reserve Ban” that prohibits the state from accepting, holding, or investing in digital asset. The legislation, known as H.B. 7082, passed unanimously through both the state House of Representatives and Senate without a single opposing vote. Source: cga.ct.gov The new law explicitly bars Connecticut and its political subdivisions from accepting virtual currency as payment or establishing any form of digital as...
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