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Connecticut passed a bill to ban the state from holding or investing in cryptocurrencies and impose several new provisions for money transmitters, joining the list of US states opting out of a Strategic Bitcoin Reserve (SBR).
Connecticut Bans State Crypto Investments
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On Tuesday, Connecticut lawmakers voted in favor of a bill that prohibits the state and local governments from investing in, accepting payments, or holding cryptocurrencies. The legislation was passed by the Connecticut House and Senate unanimously and was signed into law.
House Bill 7082 (HB 7082), or “An Act Concerning Various Revisions to the Money Transmission Statutes, State Payments and Investments in Virtual Currency (…),” was introduced in February by
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