On Tuesday, Connecticut enacted a bill prohibiting state and local governments from investing in, accepting payments, or holding cryptocurrencies. (Source: Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure)
The legislation, House Bill 7082, was passed unanimously by both the Connecticut House and Senate and signed into law. The bill also updates money transmission laws, including the regulation of digital assets and the expansion of money transmission definitions to include digital wallets and crypto kiosks.
The bill also restricts money-sharing apps from opening accounts for minors without parental consent and prohibits the establishment of a strategic reserve of virtual currency. This follows similar actions in other US states, such as Utah and Arizona, where strategic Bitcoin reserve legislation has faced setbacks.
Meanwhile, the US House of Representatives advanced the Digital Asset Market Clarity (CLARITY) Act of 2025 to a House floor vote. Additionally, the amended Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act will face a new cloture motion on Wednesday afternoon.