Connecticut lawmakers have drawn a hard line against cryptocurrency, passing HB7082, a bill that bans the state from accepting, holding, or investing in Bitcoin or any virtual currency. The legislation, now signed into law, eliminates any government involvement in digital assets, cutting off state agencies from using crypto for transactions or reserves.
The bill’s language is direct. Connecticut and its political subdivisions are prohibited from using virtual currency for payments, investments, or financial reserves. This means state agencies cannot accept Bitcoin for taxes, fees, or services. Additionally, the government is barred from holding crypto assets in any capacity, including pension funds or investment portfolios.
The bill also tightens regulations on money transmitters dealing with virtual currency. Businesses handling crypto must comply with stricter licensing requirements, ensuring consumer protections and transparency. The law further restricts minors from opening money-sharing app accounts without parental authorization, adding another layer of financial oversight.
Sources
https://www.cga.ct.gov/2025/BA/PDF/2025HB-07082-R01-BA.PDF
https://legiscan.com/CT/bill/HB07082/2025
https://fastdemocracy.com/bill-search/ct/2025/bills/CTB00032691/