Nutmeg State Says NO to Bitcoin?! 🚫

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Connecticut, that little state tucked away like a forgotten dollar bill in your grandpa’s wallet, done gone and passed a law. A law, mind you, that says they ain’t touchin’ Bitcoin or any of them fancy virtual currencies with a ten-foot pole. This here bill, HB7082, sounds like somethin’ cooked up by a bunch of fellas who still think the internet’s just a fad. They call it “An Act Concerning the Regulation of Virtual Currency and State Investments,” which is about as excitin’ as watchin’ paint dry. Basically, the state and them local fellas are banned from puttin’ their grubby mitts on crypto. Seems like they’re scared of somethin’ they don’t understand. 🤷‍♂️

And that ain’t all, folks. This law also means them crypto businesses in Connecticut gotta jump through hoops higher than a circus poodle. If you’re runnin’ a payment app that deals with crypto, you better get permission from Mama and Papa if your users are under 18. Imagine tryin’ to explain Bitcoin to your grandma. Good luck with that! 🤣

They’re also makin’ sure these crypto fellas are squeaky clean when it comes to money. Gotta follow all them anti-money launderin’ rules. Seems like they think every Bitcoin transaction is tied to some back-alley deal. Maybe they’re right, maybe they’re not. Who knows? 🤔

NEW: Connecticut passes law to ban state investment in bitcoin.

HB7082 prohibits the state from accepting, holding, or investing in any virtual currencies.

It also imposes several new requirements on money transmitters.

— Bitcoin Laws (@Bitcoin_Laws) June 10, 2025

Now, while Connecticut’s busy buildin’ fences, seems like the rest of the country’s headin’ the other way. States are thinkin’ about makin’ Bitcoin a strategic reserve, like it’s some kind of liquid gold. They’re followin’ in the footsteps of that fella Trump, who’s got his own ideas about Bitcoin. It’s like watchin’ a bunch of sheep tryin’ to figure out a Rubik’s Cube. 🐑

Just the other day, Louisiana, bless their hearts, announced they’re gonna form a committee to study artificial intelligence, blockchain, and cryptocurrency. Sounds like a whole lotta nothin’ if you ask me. But hey, at least they’re tryin’, right? 😅

“WHEREAS One in five Americans owns cryptocurrency…it is in the interest of Louisiana to consider the benefits and challenges of these technologies,” the state noted.

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2025-06-11 02:53