Whereas numerous U.S. states are passing payments to type 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 fee 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 providers should maintain 1:1 reserves and supply clear danger warnings to customers. It implies that they can’t lend out buyer funds.
- Fraud Safety: Additional safeguards are required for seniors and huge transactions to forestall scams.
- No Authorities Crypto Use: State and native companies can’t settle for or put money into cryptocurrency.
The brand new laws may even impose strict guidelines for fee functions like Venmo or Money App. Minors can’t open accounts with out verified parental consent.
The regulation is anticipated to guard shoppers by bringing powerful rules 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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