Connecticut Bans Public Cryptocurrency Investments

Connecticut has taken a significant regulatory step by enacting legislation banning public sector investments in cryptocurrency. Effective October 1, 2025, the bill prohibits all state and local government entities from engaging in crypto transactions. This includes major digital currencies like Bitcoin (BTC) and Ethereum (ETH). The decision aligns with Connecticut’s goal of protecting public funds, as it restricts any use of virtual currency for payment or financial operations.