Matt Hougan, Chief Investment Officer at Bitwise, criticized Connecticut’s decision under House Bill 7082 to ban all state‑level Bitcoin investments, calling it economically unreasonable and potentially driven by frustration or special interests

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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.