Connecticut Passes Bill Banning State Investment in Bitcoin, Sparking Debate

Description

Connecticut unanimously passes HB7082 banning all state Bitcoin investments, bucking national trend as industry leaders criticize the restrictive move.

Authors

Nhat Hoang

Publish date

June 11, 2025

Publisher

BeInCrypto

Web URL

https://beincrypto.com/connecticut-passes-bill-banning-state-investment-in-bitcoin-sparking-debate

Referenced by

Notably, both the state Senate and House passed HB7082 with unanimous approval and no opposing votes.

Crypto news

Quote

Connecticut bans state investment in crypto is this a strategic retreat or historic mistake?

Crypto news

News story

After Connecticut’s decision, many industry leaders expressed disappointment. Matt Hougan, CIO of Bitwise, responded with sarcasm. He suggested that banning Bitcoin wasn’t a rational economic decision, but rather one driven by personal frustration or special interests.

Crypto news

Quote