11.06.2025 01:12

Connecticut has enacted a new law, HB7082, officially titled "An Act Concerning the Regulation of Virtual Currency and State Investments," effectively prohibiting all state and local government entities from investing in Bitcoin or any other virtual currency. This comprehensive ban represents a significant departure from the growing trend of cryptocurrency adoption seen elsewhere.

The legislation goes beyond a simple investment ban, however. It also introduces a raft of new regulatory measures aimed at businesses operating within Connecticut's borders that handle crypto assets. Specifically, payment applications facilitating cryptocurrency transactions must now obtain parental consent for underage users (under 18). Furthermore, strict anti-money laundering (AML) compliance measures have been mandated for all such businesses.

This action by Connecticut stands in stark contrast to the moves of other US states. Numerous jurisdictions have been exploring, or actively pursuing, the creation of strategic Bitcoin reserves (SBRs), mirroring a potential federal initiative suggested by previous administrations. The recent announcement by Louisiana to form a committee dedicated to investigating AI, blockchain, and cryptocurrency highlights this contrasting approach, suggesting a broader national discussion on the role of digital assets in government. Louisiana’s statement explicitly recognized the significant portion of the population already invested in cryptocurrency, underscoring the complex and evolving relationship between governments and digital assets. Connecticut's ban, therefore, represents a unique and potentially isolated stance within the current landscape. This decision, drawn from internet sources, underscores the ongoing debate surrounding cryptocurrency regulation in the United States.