Evolution journalist
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Evolution journalist
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The Governor of the State of Contecticut Ned Lamont officially signed the comprehensive “Bitcoin Reserve Prohibition” law that prohibits the state, to accept, keep or invest in digital assets.
The legislation, known as HB 7082, was approved unanimously through the House of Representatives and the Senate without one vote.
The new law explicitly prevents Contecticut and political sub -divisions from accepting the virtual currency as paying or creating any form of digital asset reserves.
This places Connecticut as one of the most restricted states regarding dependence on encrypted currency, in contrast to the increasing direction of bitcoin reserve legislation throughout the United States.
The timing looks particularly important, as 26 states have submitted Bitcoin reserve bill, with Texas, New Hampshire and Arizona agreed on Bitcoin backup frameworks at the state level.
Connecticut’s decision effectively removes the national conversation about the adoption of the strategic encryption of the public treasury.
The legislation extends beyond the investment restrictions to the comprehensive regulations that govern the transfer of funds.
The encryption companies must now provide large -scale disclosures on material risks, including warnings about fraud, market fluctuation and nature that is irreversible to transactions.
Additional protection requires parental verification for users under the age of 18.
Countries gather about Bitcoin’s adoption despite federal uncertainty
The dependency on the state level is increasingly increasing and flagrantly contradicts this new step in Connecticut.
Texas is leading the movement with the ruler Greg Abbott signing the Senate Law 21, which put the first backup of the state -funded Bitcoin currency completely separate from the Ministry of Treasury.
Glenn Higar, Texas Observer, will supervise the fund, with the legislation of HB 4488 to protect reserves from the re -customization of the routine fund.
Senator Charles Schujerner led the initiative, on the pretext.Texas should have the option to evaluate the best performing assets over the past ten years.“
New Hampshire also achieved a historical milestone by becoming the first state to transfer laws that allow public funds to invest in bitcoin reserves.
Governor Kelly Ayot signed a legislation that allows an allocation of up to 5 % in digital assets with a market value of more than $ 500 billion, which effectively targets bitcoin.
California is also not excluded with its gradual adoption through the 1180 assembly bill, which was unanimously passed with 78 assembly members who support the experimental programs for digital asset fees.
The Ministry of Financial Protection and Innovation will create business frameworks for government -based government transactions by 2025.
However, Arizona provides a complex image, as Governor Katie Hobbes achieved in the event of reversing a comprehensive bitcoin backup while signing HB 2749, creating work frameworks to manage digital diplomatic assets.
The state maintains multiple bills, including the revised HB2324, which has recently been reviewed by the Senate.
Companies are accelerated regardless of the state level policies, with 252 entities now holds Bitcoin, which represents about 16.57 % of the total offer.
The strategy maintains the largest center at 597,325 BTC at a value of $ 63.93 billion, as the latest purchase of 4,980 Bitcoin was for $ 531.1 million, at an average rate of about 106,801 dollars per Bitcoin.
Organizational creation creates the challenges of compliance
It is worth noting that the new Contecticut Law imposes extensive compliance measures, including customer identification protocols, transactions delivery requirements, and strong risks that exceed the minimum federal.
Licensed money transfer must maintain virtual currencies’ possessions equal to customer obligations with an unauthorized use prohibition of control assets.
The legislation proves that the virtual currency kept by the licenses becomes royal interests for the demands, which creates additional legal protection for consumers.
Several states abandoned their efforts to book Bitcoin, and created an inconsistent national scene.
Florida withdrew the draft law of the House of Representatives 487 and the Senate 550 during the legislative sessions, where it joined Wyoming, South Dakota, North Dakota, Pennsylvania, Montana, and Aklahoma in failed adoption attempts.
Positively, some other countries are still in this process. For example, Michigan presented the 4087 home law, which allows the closet to allocate a 10 % to cryptocurrencies.
Meanwhile, Ohio’s state of Senate has advanced 57, which creates exclusive money to backed bitch with mandatory periods for five years.
Likewise, North Carolina has approved legislation that allows for 5 % investment pending validation by overseeing the third party.
In addition, the inflation protection law in Western Virginia is proposing a 10 % of the treasury for digital -value -value digital assets that exceed 750 billion dollars, which effectively limits investments to Bitcoin and selecting Stablecoins.
Legislation places precious metals and cryptocurrencies with an inflation against government spending deficit.
Oklahoma also approved the strategic bitcoin reserve law through the House of Representatives Committee with a 12-2 vote, allowing the allocation of public funds by 10 % for digital assets that meet the thresholds of market value.
The state has previously approved bitcoin rights that protect self -need and transactions.
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2025-07-01 12:11:00
