Connecticut

#Connecticut , goes against the trend of accepting cryptocurrency in the USA, has just enacted a law prohibiting state and local governments from investing, holding, or accepting payments in crypto, effective from 01/10/2025. With the current price of Bitcoin around $108,388 (according to CoinGecko, on 11/06/2025), this move poses a significant challenge for the blockchain industry in the state.
The law requires crypto businesses to publicly disclose risks, such as the irreversibility of transactions and the risk of fraud, while also verifying guardians for users under 18 years old. While states like New Hampshire and Arizona are actively building Bitcoin reserves, Connecticut emphasizes protecting citizens from financial risks and money laundering. However, startups are concerned that this law could stifle innovation, reducing the appeal of projects #blockchain and DeFi in the U.S.
Risk Warning: The information in this article is for reference only and is not investment advice.

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Connecticut bans Bitcoin investment!
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Bill HB7082 prohibits the state government from investing & paying with crypto.
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Crypto businesses must comply with AML, protect users. A controversial move as 31 other states consider holding BTC!
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#Connecticut #CryptoBan #Bitcoin $BTC
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