Connecticut governor approves laws prohibiting the use of cryptocurrencies in the government


Connecticut Governor Ned Lamont has signed a bill that limits the use of digital assets in state governments, including the establishment of cryptocurrency reserves.

Monday, Ramont sign Connecticut House of Representatives Bill 7082, which has been approved by the U.S. State House and Senate. The legislation specifically prohibits state governments from “accepting or requiring payment in virtual currencies” or “purchasing, holding, investing or establishing” crypto-reserving reserves.

The bill, introduced in February by state representative Jason Doucette, also established a requirement for the state of Connecticut cryptocurrency transfer holders. Unless the state government cannot accept cryptocurrencies or establish digital asset reserves, these regulations will come into effect on October 1.

Draft Housing Act Bill 7082 as of June 30. Source: Legiscan

Connecticut government legislation marks a different pathway than several U.S. states Explore institutions Bitcoin (BTC) Book. Cointelegraph contacted Doucette for comment but received no response at the time of publication.

Related: Kazakhstan plans to establish national crypto protected areas

Brogan Law founder Aaron Brogan told Cointelegraph in June that the bill reflects the gap between some Democrats and Republicans on digital assets, which may be due to a state-owned debate with U.S. President Donald Trump’s links to the cryptocurrency industry. He said the bill had “no substance”.

“This shows Connecticut’s symbolic opposition to cryptocurrency, as well as all states that have established Bitcoin reserves,” Brogan said.

U.S. states support and reject crypto reserves

Although several U.S. states have passed legislation to establish cryptocurrency reserves, other states have completely rejected it through legislatures’ legislature’s legislature’s lawmakers or governor’s offices. At the federal level, Trump Signed an executive order In March, create “Strategic Bitcoin Reserves” and “Digital Asset Inventory” with consultants Propose different ways To continue the government’s crypto-equity stake beyond the digital assets occupied in the Justice Department case.