Connecticut prohibition dumps water in 2025 trend of states setting crypto investments
Going against the recent trend of state governments in the US pursuing cryptocurrency investments, the Connecticut General Assembly has thrown a ban on the state of New England following the suit, even though others are pursuing digital assets in their fiscal approaches.
According to united decision in both the house and its senateConnecticut passed a bill This week blocking any part of the state government from a ability to “buy, handle, invest or establish a virtual currency reserve,” and it also prohibits receiving crypto payments. It runs in efforts in states such as New Hampshire and Texas.
The lawmakers in the Connecticut, that rank in the middle of the pack Among the state economies, it is also strict policies for crypto companies working under the state’s money-transmitter license.
After Trump released an order In his March administration to establish a Bitcoin reserve
. New Hampshire was the first to cross the end line. Texas has a similar bill Awaiting a signature from Governor Greg Abbott, and Arizona also approved a more modest approach to store unspecified digital assets in a reserve.
“As legislation sessions around the country, we are proud of the incredible momentum behind pro-bitcoin and digital asset law,” said Dennis Porter, the founder of the Satoshi Action Fund that promotes the state lawmakers to establish reserves. “Unfortunately, Connecticut has chosen to reject this opportunity – for now. But we remain optimistic. As more states embrace Bitcoin and see the benefits themselves, we are confident that Connecticut will follow the suit.”
Porter said North Carolina and Ohio are still the same possibility for reserves this year.
The federal government has not yet moved the property to a reserve. Related agencies, led by the Department of Treasury, are seeking accounts for all digital assets held in different corners of the public sector. When complete, Trump commissioned all existing cryptos would be stored as a long -term investment but that no money paying taxes to get anything than the government seized on civil and criminal matters. Bo Hines, one of Trump’s leading crypto advisers, told Consensus 2025 in Toronto that there are many ideas on the table for getting more Bitcoin ways in non -budget ways.
In other things Crypto legislators, California lawmakers have become working on the law That may allow payments of digital assets in a state pilot program. The bill was passed unanimously to its home and passed to the Senate last week.
Read more: New Hampshire became the first state to approve the Crypto reserve law
