Connecticut lawmakers have unanimously passed House Bill 7082, which prohibits state and local governments from accepting cryptocurrency payments and holding crypto assets. The bill explicitly states that neither the state nor any political subdivisions can accept cryptocurrency payments or invest in crypto assets. This legislation, championed by a Democratic majority, signifies a strong rejection of the cryptocurrency sector, making Connecticut one of the few states to explicitly ban such practices. Observers indicate that this ban reflects broader concerns over the volatility and regulatory issues associated with cryptocurrencies. Some industry commentators criticize the law as ineffective, suggesting it serves as symbolic opposition to cryptocurrency rather than addressing any real issues. Additionally, Connecticut has joined the growing number of states that have rejected proposals to establish Bitcoin reserves, which have gained interest during the previous administration. With 105 votes supporting the bill in the House and a unanimous final vote of 148 in favor, this law showcases a significant political stance against cryptocurrency investments.

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