Connecticut passes law blocking the state from creating a Bitcoin reserve
2025-07-02 08:17:04
Main Idea
Connecticut enacted House Bill 7082 to create a cryptocurrency reserve, while Arizona's Governor vetoed a similar Bitcoin reserve fund bill.
Key Points
1. Governor Ned Lamont signed House Bill 7082 into law, now Public Act 25-66, effective October 1.
2. The bill introduces regulatory backing for customer-held digital assets and prohibits certain treasury strategies.
3. Connecticut's legislation contrasts with at least 17 other U.S. states reviewing similar crypto laws.
4. New Hampshire and Arizona have fully enacted such frameworks, while Texas has cleared similar legislation.
5. Arizona Governor Katie Hobbs vetoed House Bill 2324, which aimed to establish a Bitcoin reserve fund using seized cryptocurrencies.
Description
Connecticut has officially passed a law that restricts the state government from accepting, holding, or investing in virtual currency, effectively banning the creation of a cryptocurrency reserve. On June 30, Governor Ned Lamont signed House Bill 7082 into law, following unanimous approval by both chambers of the state legislature. The legislation, now enacted as Public Act 25-66, is scheduled to take effect on October 1, 2025. The bill, introduced in February by Representative Jason Doucette, a...
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