Connecticut has enacted a new law that prohibits state and local governments from investing in cryptocurrencies or maintaining any form of crypto reserve.
The legislation, H.B. 7082, passed both chambers of the General Assembly unanimously and is now listed as Public Act No. 25-66.
Under the law, government agencies are barred from buying, holding, or transacting in crypto assets. The act also blocks state entities from accepting crypto payments or creating reserves of virtual currencies.
Stricter Rules for Crypto Firms and Minors
Beyond banning public sector crypto involvement, the law introduces new disclosure standards for crypto businesses operating in the state. Companies involved in money transmission must now present all material risks of crypto transactions in clear, legible English.
The law also adds safeguards for minors, mandating legal guardian verification for any user under the age of 18 before using crypto-related services.
Connecticut’s move comes amid heightened national debate over the role of digital assets in both public finance and consumer protection. The state’s stance marks one of the strongest anti-crypto policies at the state level to date.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/connecticut-bans-government-crypto-holdings-sets-new-rules-for-minors/