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U.S. State Bans Government Holdings in Bitcoin and Crypto

  • 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.

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