Connecticut Bans State and Local Governments From Investing in Crypto Assets

The state of Connecticut is barring itself and its native governments from having the ability to put money into digital property.

Connecticut has passed Home Invoice 7082, which bans state and native governments from having the ability to put money into crypto property in addition to settle for them as funds beginning October.

“(Efficient October 1, 2025) Neither the state nor any political subdivision of the state shall (1) settle for or require fee within the type of digital foreign money for an quantity as a result of state or the political subdivision, or (2) buy, maintain, put money into or set up a reserve of digital foreign money.”

The invoice additionally prohibits the state from establishing a crypto strategic reserve, an idea already signed off on by President Donald Trump on the federal degree.

Although the variety of payments trying to comply with the Federal authorities’s footsteps to determine a strategic Bitcoin (BTC) reserve has risen to 31, Connecticut joins a handful of states which have rejected the concept in a method or one other, together with Montana, Wyoming, South Dakota, North Dakota, Oklahoma, Arizona, Utah, Florida and Pennsylvania.

Home Invoice 7082 – which obtained bipartisan help – was voted on by the State’s Congress on Might thirtieth and obtained 148 votes in favor and 0 votes in opposition to it from the Home of Representatives and 36 votes in favor and 0 votes in opposition to it from the Senate, in keeping with state data.

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