Connecticut prohibited local governments and governments from investing in encryption assets
Connecticut prohibits itself and its local governments of the ability to invest in digital assets.
Connecticut has Pass The Parliament’s Bill 7082, which prevents government governments and local governments from investing in encryption assets as well as accepting them as payments that start in October.
(As of October 1, 2025), the state or any political division of the state (1) must accept or require payment in the form of a virtual currency in exchange for an amount resulting from the state or political division, or (2) buying, investing or investing in the virtual currency reserves.
The draft law also prevents the state from creating a strategic encryption reserve, a concept that President Donald Trump signed at the federal level.
Although the number of bills trying to follow the federal government’s footsteps to create a bitcoin strategic reserve (BTCOIN) (BTCOIN) (BTCOIN) Rise To 31, Connecticut joins a handful of countries that rejected the idea in one way or another, including Montana, Wyoming, South Dakota, North Dakota, Oklahoma, Arizona, Utah, Florida and Pennsylvania.
The draft law of the House of Representatives 7082 – which received support from the two parties – was voted by the state conference on May 30 and received 148 votes in its favor and zero zero against it from the House of Representatives and 36 votes in their favor and voted zero against it from the Senate, according to the state records.
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