Contrary to the recent trend of state governments in the United States, pursuing cryptocurrency investments, Connecticut General Assembly has a ban on this New England state subsequently, even when others pursue digital assets reservations in their fiscal strategies.
According to unanimous decisions in both his house and the Senate, Connecticut adopted a bill this week that blocks any part of the state’s government from an ability to “buy, keep, invest in or establish a reserve of virtual currency” and it also prohibits accepting crypto payments. This contradicts efforts in states such as New Hampshire and Texas moving towards the establishment of reserves that repeat the purpose of President Donald Trump’s federal level.
The legislators in Connecticut, which ranks in the middle of the package among government economies, also tightened the rules of cryptic companies working under the state’s money-transferring license.
After Trump issued an order to his administration in March to establish a reserve of Bitcoin
A long list of states jumped against similar actions, although many of them were stymed by opposition or expiry of regulatory windows. New Hampshire was the first to cross the finish line. Texas has a similar bill awaiting a signature from Governor Greg Abbott, and Arizona also approved a more modest approach to devoting unclaimed digital assets in a reserve.
“As regulatory sessions are packed throughout the country, we are proud of the incredible momentum behind Pro-Bitcoin and digital asset legislation,” said Dennis Porter, the founder of Satoshi Action Fund, which has advocated 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 of the first hand, we will ensure that Connecticut will follow.”
Porter said that North Carolina and Ohio are both still an option for reserves this year.
The federal government has not yet moved assets into a reserve. The relevant agencies led by the Ministry of Finance have tried to explain all the digital assets contained in different corners of the public sector. Once Trump was completed, Trump had instructed all existing crypto to be set aside as a long -term investment, but that no taxpayer money is used to acquire anything more than the government has seized in civil and criminal affairs. Bo Hines, one of Trump’s top crypto advisers, said at Consensus 2025 in Toronto that there are a lot of ideas on the table to acquire more Bitcoin in budget neutral ways.
In other state crypto legislative issues, California’s legislators have worked on legislation that could allow for payments of digital assets in a state pilot program. The bill adopted unanimously in his house and was forwarded to the Senate last week.
Read more: New Hampshire becomes the first state to approve the crypto reserve -law
