Connecticut Governor Lamont Signs Bill Banning Digital Asset Investments

Governor Ned Lamont from Connecticut has signed Home Invoice 7082 within the legislation and has formally established the prohibition of nationwide investments in digital property, together with Bitcoin (BTC).

This implies a substantial divergence of the rising pattern of the acceptance of cryptocurrency in different US states and worldwide.

Connecticut takes a place towards digital property

Home Invoice 7082 was first launched in February 2025. The invoice was partly sponsored by democratic legislators. This included state consultant Kenneth Gucker, Senators Patricia Miller and Matthew Lesser and consultant Jason Doucette.

It acquired substantial assist and handed the home on 14 Might with 105 votes in entrance and 42 towards. On 30 Might, the Common Assembly of Connecticut unanimously authorised the invoice, with voices of 148-0 in the home and 36-0 within the Senate. Governor Lamont’s signature on 30 June accomplished his adoption.

The laws prohibits the state and its political subdivisions to simply accept, hold or spend money on digital currencies.

“Neither the State nor any political subdivision of the State will (1) settle for or require cost within the type of digital forex for an quantity that owes the state or the political subdivision, or (2) buy, hold, spend money on or decide a reserve of digital forex,” reads HB 7082.

Furthermore, it additionally introduces intensive measures for shopper safety. It’s necessary that corporations concerned in digital forex transactions, potential dangers should announce, such because the non-repair of losses, lack of presidency assist or insurance coverage and the irreversibility of transactions.

Digital forex -Kiosk -operators specifically are confronted with strict compliance necessities. These embody verifying buyer identities, stopping using dangerous or sanctioned portfolios, and limiting the quantity that prospects can deal with each day.

New prospects are topic to each day transaction limits of $ 2,000, whereas present prospects can as much as $ 5,000 transactions. Kiosks should additionally provide reside buyer assist and implement measures to stop fraud. As well as, corporations should make use of a full -time compliance officer to ensure compliance with the right rules.

This motion positions Connecticut as a Bijter within the US, the place completely different states embrace digital property as a part of their monetary methods. On the finish of June 2025, the Governor of Texas Greg Abbott Senate Invoice 21 signed and approved the Texas Strategic Bitcoin Reserve.

Texas joined Arizona and New Hampshire, who’ve additionally adopted laws to arrange bitcoin and digital asset reserves. Nevertheless, Texas is the primary to actively finance the reserve by way of public funds.

Within the meantime, Arizona legislators have just lately revived a invoice that desires to create a Bitcoin and Digital Property Reserve Fund. This meant a broader pattern of acceptance at state degree.

The momentum for cryptocurrency rasks is rising internationally. In accordance with native media studies, the Nationwide Financial institution of Kazakhstan is investigating the institution of a Crypto Reserve of the State. Beforehand, Pakistan additionally introduced plans to arrange a Bitcoin reserve, which displays a world shift within the integration of digital property in nationwide monetary frameworks.