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.
Hahahahaha.. Quite funny that Connecticut law makers seem retarded, and one of the consequences of their retardedness will be that it may well take several years before they recognize and/or appreciate the gravity of their screw up.
Whether we are talking about governments, institutions or individuals, they are subject to the same kinds of errors in their thinking in regards to being hostile to bitcoin based on wrong and/or incomplete knowledge, and those no coiners, low coiners are likely going to suffer from their choices...and even the whimpy accumulators of bitcoin will likely be way better off for merely taking some kind of a bitcoin position that involves getting the fuck off zero...so then there are at least a couple of errors which are either being hostile to bitcoin and the other one is failing/refusing to get off zero.. .and so other errors of being whimpy remains less detrimental than the errors of hostility and/or refusing to get off zero.
Yeah quiet funny to see that they still have this kind of mindset knowing that other state are advancing for having Bitcoin reserve while them taking the path for stability or going down towards passing that H.B. 7082 which is not allowing Connecticut to have Bitcoin Reserve for their state.
But upon checking it seems that state is dominated by Democrats officials. So know I understand on why this funny thing happen since democrats is known a hater of Bitcoin.
So for sure they would suffer on that decision or law they passed since they won't go anywhere for hating Bitcoin. For sure other state will advance especially if Bitcoin would grow together with its price and for sure if this situation happen for sure would suffer or regret their decision on why they pass the H.B. 7092 law.