Connecticut's Governor Ned Lamont signed a bill prohibiting all state agencies from investing in or accepting cryptocurrencies, including Bitcoin.
The legislation, House Bill 7082, includes disclosure requirements for virtual currency firms operating in the state to warn customers about transaction irreversibility and common scams.
Lawmakers aim to protect consumers from the volatile nature of digital assets, and the bill received unanimous approval in the state legislature, showcasing bipartisan support.
While Connecticut opts out of government cryptocurrency investments, other states like Texas, Arizona, and New Hampshire are embracing Bitcoin in their public reserves, illustrating a national divide on the issue.