By going against the recent trend of state governments in the United States which are continuing cryptocurrency investments, the General Assembly of Connecticut has given up a ban against this New England State, even if others continue the reserves of digital assets in their tax strategies.
According to unanimous decisions of his room and the Senate, Connecticut adopted a bill this week which blocks any part of the government of the State with a capacity to “buy, keep, invest or establish a reserve of virtual currency” and also prohibits accepting cryptographic payments. This goes against states such as New Hampshire and Texas, which are moving towards the establishment of reservations which echo the administration of President Donald Trump at the federal level.
Connecticut legislators, which ranked in the middle of the peloton among national economies, have also tightened the rules for cryptographic companies working under the state transmitter license.
After Trump made an ordinance to his administration in March to establish a Bitcoin reserve
A long list of states jumped towards similar actions, although many of them were blocked by the opposition or the expiration of the legislative windows. The New Hampshire was the first to cross the finish line. Texas has a similar bill awaiting a signature of governor Greg Abbott, and Arizona has also approved a more modest approach to put aside the digital assets not claimed in a reserve.
“While the legislative sessions end across the country, we are proud of the incredible momentum behind Pro-Bitcoin and the legislation on digital assets,” said Dennis Porter, founder of the Satoshi Action Fund who pleaded for state legislators to establish reserves. “Unfortunately, Connecticut has chosen to reject this opportunity – for now. But we remain optimistic. While more and more states are kissing bitcoin and see the advantages of the first hand, we are confident that Connecticut will follow suit.”
Porter said that North Carolina and Ohio were both a possibility of reservations this year.
The federal government has not yet moved assets in a reserve. The agencies concerned, led by the Ministry of the Treasury, sought to take into account all the digital assets held in various corners of the public sector. Once finished, Trump had ordered that the entire existing crypto was reserved as a long -term investment, but that no taxpayers’ money is spent to acquire something other than the government has grasped in civil and criminal matters. Bo Hines, one of Trump’s best cryptography advisers, said in Toronto’s 2025 consensus that there were a lot of ideas on the table to acquire more bitcoin in a non -budgetary manner.
In other legislative questions of state cryptography, California legislators have worked on legislation that could allow digital assets a state pilot program. The bill was adopted unanimously in his house and was sent to the Senate last week.
Read more: New Hampshire becomes the first state to approve the Crypto reserve law
