Connecticut Governor Ned Lamont signed House Bill 7082, officially implementing a state investment ban on digital assets, including Bitcoin (BTC).
This indicates a significantly different direction compared to the increasing cryptocurrency adoption trend in other U.S. states and internationally.
Connecticut's Opposition to Digital Assets
House Bill 7082 was first introduced in February 2025. The bill was co-sponsored by Democratic lawmakers, including State Representative Kenneth Gucker, Senator Patricia Miller, Senator Matthew Lesser, and Representative Jason Doucet.
The bill gained substantial support, passing the House 105-42 on May 14. On May 30, the Connecticut State Legislature unanimously approved the bill with 148-0 in the House and 36-0 in the Senate. On June 30, the bill was finally enacted with Governor Lamont's signature.
The bill prohibits the state and its subordinate agencies from accepting, holding, or investing in cryptocurrencies.
"The state or its political subdivisions cannot (1) accept or demand amounts in cryptocurrency form for the state or political subdivisions, and (2) purchase, hold, invest in, or establish reserves in cryptocurrency," House Bill 7082 states.
๐จ NEW: Connecticut Governor Ned Lamont officially signed into law the state's 'Bitcoin Reserve Ban' today.
โ Bitcoin Laws (@Bitcoin_Laws) July 1, 2025
Connecticut is now prohibited from accepting, holding, or investing in digital assets. https://t.co/vIXIkprdHI
Additionally, it introduces comprehensive consumer protection measures. Companies engaging in cryptocurrency trading must disclose potential risks such as irretrievable losses, lack of government support or insurance, and the irreversibility of transactions.
Specifically, virtual currency kiosk operators must meet strict compliance requirements, including customer identity verification, preventing high-risk or sanctioned wallet usage, and limiting customer daily transaction limits.
New customers have a daily transaction limit of $2,000, while existing customers can trade up to $5,000. Kiosks must provide real-time customer support and implement measures to prevent fraud. Additionally, companies must hire a dedicated compliance officer to ensure proper compliance.
This measure differentiates Connecticut from several U.S. states that have adopted digital assets as part of their financial strategy. In late June 2025, Texas Governor Greg Abbott signed Senate Bill 21, approving the Texas Strategic Bitcoin Reserve.
Texas, along with Arizona and New Hampshire, have passed bills to establish Bitcoin and digital asset reserves. However, Texas is the first state to actively fund reserves through public funds.
Meanwhile, Arizona's lawmakers recently revived a bill to create a Bitcoin and digital asset reserve, indicating a spreading state-level adoption.
Internationally, momentum for cryptocurrency reserves is also increasing. According to local media reports, the National Bank of Kazakhstan is exploring establishing a national cryptocurrency reserve. Previously, Pakistan also announced plans to establish a Bitcoin reserve, reflecting a global shift towards integrating digital assets into national financial systems.
