Connecticut Governor Approves Law Prohibiting Crypto Use In Government
Summary
Connecticut Governor Ned Lamont signed House Bill 7082, prohibiting state government from accepting virtual currency or establishing a cryptocurrency reserve. The law, effective October 1, also sets requirements for crypto money transmission licensees. The bill reflects a divide among US states regarding cryptocurrency, contrasting with states like Texas and New Hampshire that have approved crypto reserves. Critics, including Brogan Law founder Aaron Brogan, argue the bill is a symbolic opposition to cryptocurrency and lacks substantive impact. At the federal level, an executive order by former President Trump aimed to create a "Strategic Bitcoin Reserve" and expand government crypto holdings.
