Connecticut’s House Bill 7082 explicitly prohibits state and local governments from establishing crypto asset reserves and disallows any acceptance of cryptocurrency as payment by government entities

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The comprehensive legislation explicitly bars government entities from "establishing a reserve of virtual currency" and prevents them from accepting crypto as payment for any amounts due to the state or its political subdivisions.

Separate from money transmission, the bill prohibited Connecticut and its political subdivisions from accepting or requiring payment in the form of virtual currency or purchasing, holding, investing in, or establishing a digital currency reserve. It also stipulated that crypto businesses must adhere to strict anti-money laundering (AML) compliance.