At the end of June 2025, Connecticut Governor Ned Lamont signed House Bill 7082, Public Act 25‑66, which imposes a strict ban on the acceptance, ownership, or investment by the state or municipalities in any digital assets, including Bitcoin.
The text prohibits the government from:
1. Accepting digital currencies as a means of paying taxes or fees,
2. Purchasing, holding, or investing any amount in digital assets through the public treasury,
3. Forming or holding a strategic reserve of cryptocurrencies.
The law received broad support within the legislature, being passed almost unanimously, reflecting concerns over the significant volatility occurring in the digital currency market and the need to protect public funds. The initiative was recorded in the context of a reflexive response from other states like Texas and Florida, which are adopting more open strategies towards these assets.
This law is set to take effect a few months after its signing on June 30, 2025. It marks a clear pivot in Connecticut's policy, as it moves toward financial hedging, favoring bonds and traditional securities over cryptocurrency assets.