Whereas numerous U.S. states are passing payments to kind a strategic Bitcoin reserve (SBR), Connecticut handed a brand new laws to ban state funding in Bitcoin on June 11, 2025.
Connecticut Says No To Bitcoin
Connecticut has handed HB 7082, which is a serious replace to its cash transmission legal guidelines with strict new guidelines for crypto companies and cost apps.
🚨 NEW: Connecticut passes regulation to ban state funding in bitcoin.
HB7082 prohibits the state from accepting, holding, or investing in any digital currencies.
It additionally imposes a number of new necessities on cash transmitters. pic.twitter.com/lKozljMp1R
— Bitcoin Legal guidelines (@Bitcoin_Laws) June 10, 2025
What does HB 7082 say?
- Licensing Necessities: Any firm dealing with crypto transactions should now get a state license, together with digital wallets, exchanges, and Bitcoin ATMs.
- Strict Monetary Guidelines: Crypto companies should maintain 1:1 reserves and supply clear danger warnings to customers. It signifies that they cannot lend out buyer funds.
- Fraud Safety: Further safeguards are required for seniors and huge transactions to forestall scams.
- No Authorities Crypto Use: State and native companies cannot settle for or put money into cryptocurrency.
The brand new laws may also impose strict guidelines for cost functions like Venmo or Money App. Minors cannot open accounts with out verified parental consent.
The regulation is predicted to guard shoppers by bringing powerful laws to crypto and digital funds.
The transfer comes amid the historic rally within the greatest cryptocurrency. On the time of publication, Bitcoin (BTC) is at the moment buying and selling round $109,800 with a 3.67% hike in every week.
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