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No Bitcoin for Connecticut: State Bans Investment and Reserves in New Law

2025-07-01 11:10:52

Main Idea

Connecticut Governor Ned Lamont has signed House Bill 7082 into law, officially banning state government entities from holding or investing in cryptocurrencies, marking a contrast to the trend in other US states.

Key Points

1. The legislation, titled 'An Act Concerning the Prohibition of State Government Entities from Holding or Investing in Cryptocurrencies,' aims to protect public funds from volatility.

2. Connecticut's ban contrasts with states like Texas, Arizona, and New Hampshire, which continue to adopt digital currency reserves.

3. The bill has received mixed reactions, with some arguing it may deter blockchain-based startups and investment in the state.

4. The ban focuses on prioritizing financial stability over speculative gains in cryptocurrencies.

Description

The post No Bitcoin for Connecticut: State Bans Investment and Reserves in New Law appeared first on Coinpedia Fintech News Connecticut Governor Ned Lamont has signed House Bill 7082 into law, officially regulating the “ Bitcoin Reserve Ban” in the state. Now, Connecticut is prohibited from accepting, holding, or investing in digital assets. This marks a contrast from the US trend in the evolution of virtual digital currency. Connecticut Officially Bans Bitcoin Reserve The legislation titled “An...

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