Connecticut Governor Ned Lamont has signed into law the “Bitcoin Reserve Ban,” which prohibits state entities from holding or investing in digital assets. Announced on Wednesday, the measure cements Connecticut’s position on restricting cryptocurrency exposure within public sector agencies.
The law bars all state government bodies from transacting in or maintaining reserves of cryptocurrencies, including Bitcoin and Ethereum, as well as other altcoins.
Governor Lamont stated:
“Connecticut has officially signed the state’s ‘Bitcoin Reserve Ban.’ The state is now prohibited from accepting, holding, or investing in digital assets.”
Industry observers suggest this policy could influence other states to pursue similar restrictions on public-sector crypto investments. The move reflects a growing caution among U.S. policymakers around integrating volatile digital assets into public balance sheets.
The ban takes effect immediately, signaling a strict stance on crypto engagement by government institutions throughout Connecticut.
July 2025, Cryptoniteuae