Connecticut Says No to Government Bitcoin Reserves with Passing of House Bill 7082

Connecticut has decided to completely opt out of using or holding digital assets. A new law blocks the state and its municipalities from investing in or accepting any form of cryptocurrency, including Bitcoin, starting in October 2025.

Good to know

• Connecticut will no longer accept crypto as payment starting October 1, 2025.
• The law bans the state from creating a crypto reserve.
• The bill passed unanimously in both chambers of the state legislature.

House Bill 7082, now officially passed in Connecticut, stops the state and all local governments from using virtual currency. This includes restrictions on accepting crypto for payments or using it for investment purposes. The law also bars the creation of any strategic crypto reserve.

The language of the bill reads: “Neither the state nor any political subdivision of the state shall (1) accept or require payment in the form of virtual currency for an amount due to the state or the political subdivision, or (2) purchase, hold, invest in or establish a reserve of virtual currency.”

Clear Break From Federal Direction

The timing of Connecticut’s decision is especially notable, as it runs counter to actions already taken at the federal level. President Donald Trump previously gave the green light for a national Bitcoin reserve. Meanwhile, at least 31 proposals to form similar reserves have surfaced in other states such as Texas, Georgia, Utah, and Illinois.

Despite this trend, Connecticut joins a short list of states taking the opposite approach. Others that have moved to block or restrict government involvement in crypto include Montana, Utah, Oklahoma, Arizona, North Dakota, South Dakota, Wyoming, Pennsylvania, and Florida.

House Bill 7082 received bipartisan backing across the board. On May 30, the bill passed the Connecticut House of Representatives with 148 votes in favor and zero against. The state Senate also gave its approval unanimously, with a 36-0 vote.