While the various US states are going through bills to form a bitcoin strategic reserve (SBR), Connecticut has issued new legislation to prohibit state investments in Bitcoin on June 11, 2025.
Connecticut says no to Bitcoin
Connecticut HB 7082 has passed a major update to her money transfer laws with strict new bases for encryption companies and payment applications.
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
What does HB 7082 say?
- Licensing requirements: You must now obtain any company that deals with encryption transactions, including digital portfolios, exchanges and ATMS Bitcoin.
- Strict financial rules: Curd services must keep 1: 1 and provide clear warnings for users. This means that they cannot establish customer boxes.
- Fraud protection: Additional guarantees are needed for the elderly and large transactions to prevent fraud.
- There is no governmental use of encryption: local agencies cannot accept or invest in encrypted currency.
The new legislation will also impose strict rules for submitting payments such as Venmo or Cash App. Minors cannot open accounts without the consent of the parents.
The law is expected to protect consumers by bringing difficult regulations to encryption and digital payments.
This step comes amid the historical gathering in the largest encrypted currency. At publication time, Bitcoin (BTC) is currently trading about $ 109,800 with a rise of 3.67 % per week.
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