Connecticut lawmakers unanimously passed a bill prohibiting state and local government departments from accepting cryptocurrency payments and holding cryptocurrency assets.
The bill, numbered 7082, titled "An Act Concerning Certain Revisions to the Money Transmission Act, State Payments, and Virtual Currency Investments…," received bipartisan support and was signed into law on Tuesday.
The bill stipulates that "no state or political subdivision of the state" may accept cryptocurrency payments or purchase cryptocurrency assets.
The legislation also prohibits Connecticut from establishing a reserve of cryptocurrency assets, making it one of the few states in the U.S. to explicitly reject the idea of cryptocurrency asset reserves.
The bill was first introduced in February 2025 by the Connecticut Banking Joint Committee, co-sponsored by Democrats including State Representative Ken Gucker, Senator Patricia Miller, and Senator Matthew Lesser.
Since its initial vote in May, the bill has gained widespread support in the House, with 105 votes in favor and only 42 legislators opposing it during the vote on May 14.
The latest voting results were 148 votes in favor, 0 against, and 3 abstentions.
Some online commentators noted that the significant Democratic majority in Connecticut was a key driving factor behind the unanimous vote, especially in the context of the party's widespread criticism of President Donald Trump's involvement with meme coins and digital assets.
A related proposal, the "Modern Compensation and Misconduct Enforcement Act" (MEME Act), aims to prevent federal officials from profiting from meme coins through their positions.
According to some online industry observers, Connecticut's ban on state government investment in cryptocurrency may stem from concerns about volatility and regulation, but this could become a barrier to innovation.
On the other hand, Aaron Brogan, founder of Brogan Law, stated in an interview with Cointelegraph that the ban is "essentially meaningless," reflecting "some Democrats' antagonism toward the cryptocurrency industry," possibly due to its association with Trump.
Aaron said, "This indicates that Connecticut is symbolically opposing cryptocurrency and all states that have established Bitcoin reserves." He added:
"State legislatures like to ban things that were never going to happen anyway because it makes headlines without having to deal with the hassle of real-world consequences."
Aaron also pointed out that the Connecticut governor still needs to sign the law and mentioned additional disclosure requirements for private sector money transmitters.
He stated, "This could bring costs and, like California's privacy law, impact certain online applications, leading to a fragmentation of professional practices."
During the Trump administration, the number of U.S. states considering Bitcoin (BTC) reserve proposals increased, with data from Bitcoin Laws showing that the number of Strategic Bitcoin Reserve (SBR) bills has reached 31.
However, Connecticut is not the only state to reject such initiatives; in February alone, legislators in five states—Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania—voted down SBR bills.
In March, the Utah Senate passed a Bitcoin bill but removed the provision authorizing the state treasurer to invest in Bitcoin. In April, the Oklahoma Senate Tax Committee also voted 6 to 5 against an SBR proposal.
In May, the list of states rejecting Bitcoin reserve-related bills continued to grow, with Florida indefinitely postponing its SBR bill in early May and Arizona's governor vetoing two cryptocurrency bills.
Related: Meta's rejection of Bitcoin (BTC) indicates that major tech companies remain skeptical.
Original article: “Connecticut Lawmakers Vote to Ban Government Use of Cryptocurrency”
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