Connecticut Bans State Crypto Asset Reserve
Connecticut lawmakers have unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets.
The House Bill 7082, titled “An Act Concerning Various Revisions to the Money Transmission Statutes, State Payments and Investments in Virtual Currency […],” received bipartisan support and was signed into law on June 10.
The bill document stipulates that “neither the state nor any political subdivision of the state” shall accept payments in cryptocurrency or purchase crypto assets.
The new legislation also prohibits the state of Connecticut from establishing a crypto asset reserve, making it one of…
