Connecticut Governor Ned Lamont has enacted House Bill 7082, which prohibits state investment in digital assets, including Bitcoin (BTC). This decision contrasts sharply with the increasing acceptance of cryptocurrencies in other U.S. states and globally. Introduced in February 2025 and co-sponsored by Democratic lawmakers, the bill received significant backing, passing the House with 105 votes in favor and 42 against on May 14. The Connecticut General Assembly unanimously approved it on May 30, with a final vote of 148-0 in the House and 36-0 in the Senate. The law forbids the state and its subdivisions from accepting or investing in virtual currencies. Additionally, it mandates that businesses involved in virtual currency transactions disclose risks, such as the irrecoverability of losses. Kiosk operators must comply with strict regulations, including customer identity verification and daily transaction limits. This legislation positions Connecticut as an outlier, as other states like Texas and Arizona are moving towards embracing digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

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