Connecticut has officially banned all state and local governments from investing in or accepting cryptocurrency. This means no more crypto payments for taxes or government services, and no government-held crypto investments.
The Ban Takes Effect
The ban, part of House Bill 7082, goes into effect October 1, 2025. The law explicitly prevents state and local entities from:
- Accepting cryptocurrency payments for government dues.
- Buying, holding, or investing in cryptocurrencies.
- Creating cryptocurrency reserves.
Following the Trend (or Not)
This decision puts Connecticut in line with several other states that have also rejected the idea of government-held cryptocurrency reserves. While there’s been a push at the federal level (and in some other states) to explore this, Connecticut, along with Montana, Wyoming, South Dakota, North Dakota, Oklahoma, Arizona, Utah, Florida, and Pennsylvania, has opted out.
Overwhelming Support
The bill sailed through the Connecticut legislature, passing the House with a unanimous 148-0 vote and the Senate with a unanimous 36-0 vote on May 30th.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in anything, especially high-risk assets like cryptocurrencies./p>
