Connecticut Bans State and Local Governments From Investing in Crypto Assets

The State Connecticut prohibits itself and its local authorities to invest in digital assets.

Connecticut has passed House Bill 7082, which forbids the state and local authorities to be able to invest in crypto assets and to accept these as payments from October.

“(With effect from 1 October 2025) nor the State nor any political subdivision of the State will (1) accept or require payment in the form of virtual currency for an amount that owes the state or the political subdivision, or (2) purchase, hold, invest in or set up a reserve of virtual currency.”

The bill also prohibits the state to set up a crypto strategic reserve, a concept that has already been signed by President Donald Trump at the federal level.

Although the number of accounts trying to follow the footsteps of the federal government to set up a strategic Bitcoin (BTC) reserve has upright Until 31, Connecticut joins a handful of states that have rejected the idea in one way or another, including Montana, Wyoming, South Dakota, North Dakota, Oklahoma, Arizona, Utah, Florida and Pennsylvania.

Huis Bill 7082 – which received two -part support – was voted by the Congress of the State on 30 May and received 148 votes in favor of and zero votes against it from the House of Representatives and 36 votes in front and zero votes against the Senate, according to the State.

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