While lots of state in US trying to pass law to create their own Bitcoin Reserve, Connecticut is shifting its way and try to avoid adopting for passing the H.B. 7082 which the details of this law is quoted below.
The Connecticut General Assembly published the final text of the bill on Tuesday. The bill, H.B. 7082, passed both the House and the Senate unanimously without dissent. The bill has now become Public Act No. 25-66, according to the official website of the Connecticut General Assembly.
The new legislation bars government entities from buying, holding, or investing in crypto assets, while also forbidding them from "establishing a reserve of virtual currency" or accepting crypto payment.
I hope they won't regret their decision for not joining in the race, especially if they see those states who adopt and create their own Bitcoin Strategic Reserve succeed when Bitcoin adoption rate goes high and price reach for more new high's.
Also hopefully they change their minds and think about they made wrong decision for not making move towards adding Bitcoin on their treasury.
Ned Lamont and his state Connecticut have actually taken a bad decisions especially when states in the country are racing to enact a Strategic Bitcoin Reserve, Connecticut chooses to turn their back to the negative side. Of course,there are going to regret their decision for not adopting Bitcoin on time while other states are doing so.
Like it is been said,no time is too late to invest in Bitcoin, Connecticut have decided not to invest in Bitcoin today doesn't mean they wouldn't have the opportunity to invest and hold Bitcoin as a strategic reserve in the future. Maybe they are still studying the progress of other states that have adopted Bitcoin as a major reserve so see the impact it bring economically.
The truth is,as Bitcoin steadily increases and continue to experience monumental monetary growths over the years,states that have adopted Bitcoin as a strategic reserve will surely be in huge profits for holdings Bitcoin and will certainly be financially buoyant, free from inflation while Connecticut continues struggle to watched.
Hopefully they're will surely reconsider there decisions about bitcoin and make positive amends to adopt Bitcoin as a major reserve in the state.