In brief
- Connecticut has unanimously passed the United States’ most restrictive crypto law, barring all state and local governments from purchasing, holding, or investing in virtual currencies.
- The legislation mandates “bold” fraud warnings for crypto businesses and requires disclosure of “all material risks” while overhauling money transmission statutes statewide.
- Connecticut’s ban contrasts sharply with the national trend, as 31 Bitcoin reserve bills remain active across 16 states.
While dozens of states race to establish Bitcoin reserves, Connecticut just slammed the door shut.
The state’s General Assembly unanimously passed House Bill 7082 on Tuesday—now Public Act No. 25-66—delivering the nation’s most sweeping ban on…
Jun 12 2025
