Governor Ned Lamont has enacted legislation prohibiting cryptocurrency activities by state governments. The bill received bipartisan support.
New Crypto Legislation in Connecticut
Governor Ned Lamont signed new legislation prohibiting cryptocurrency operations by government entities. This bill, known as the 'crypto crime bill,' was enacted in May 2025 with bipartisan support. The Connecticut General Assembly unanimously passed the bill to prevent state participation in digital asset markets.
Ban on Bitcoin and Ethereum Usage
The law restricts the Connecticut government from engaging with Bitcoin, Ethereum, and other digital currencies. The economic impacts could affect public institutions unable to leverage blockchain technologies. By completely banning such investments, the legislation aligns with efforts by other states to enhance transparency and oversight over crypto activities.
Similar Actions by Other States
Connecticut's law follows similar moves in states like Montana and Wyoming, indicating a trend against public sector crypto investments. These actions reflect a precautionary approach to digital finance. The prohibition may limit future opportunities for state-level crypto integration.
The ban on cryptocurrency usage in Connecticut highlights the growing legislative interest in regulating digital currencies within government structures, impacting the future of crypto integration.
