Connecticut state passes a draft law prohibiting the country from bitcoin and virtual investments in the currency
Connecticut has passed a law to prevent the state from investing in Bitcoin (BTC) or in any other virtual currency. The draft law, which was called HB7082 and the title of “A verb related to the regulation of virtual currency and government investments” is a comprehensive ban on governments and local governments from investing in encryption assets.
The law also provided new strict regulations for encryption work in Connecticut. It is worth noting that the payment applications that deal with coding assets in Connecticut must verify the approval of the parents for users under the age of 18.
The draft law also stipulated that encryption companies must adhere to strict compliance to combat money laundering (AML).
New: Connecticut passes the law to prohibit government investment in Bitcoin.
HB7082 The state prohibits acceptance, contract or investment in any virtual currencies.
It also imposes many new requirements on money transmission devices. pic.twitter.com/lkozljmp1r
Bitcoin Laws (Pitcoin_laws) June 10, 2025
Connecticut moves against the wave to adopt bitcoin
As Coinpedia is mentioned comprehensively, many states in the United States are pushing the implementation of the strategic bitcoin reserves (SBR). The states are following a similar position by the Donald Trump administration, which intends to implement SBR in the near future.
Earlier on Tuesday, Louisiana announced that it would form a committee to study artificial intelligence (AI), Blockchain and Cryptocurrency.
“While one of every five Americans has an encrypted currency … it is in the interest of Louisiana to consider the benefits and challenges of these technologies,” the state noted.
