As the digital asset landscape continues to evolve, US states are showing contrasting approaches to Bitcoin and blockchain innovation. Connecticut and Louisiana, in particular, are taking divergent paths in response to the growing crypto economy.
Connecticut’s Stance on Bitcoin
Connecticut recently passed a new law, HB7082, that prohibits the state from holding or using digital currencies, including Bitcoin. The legislation, which received unanimous approval from both legislative chambers, will go into effect by October.
The law prohibits state agencies from investing in or transacting with virtual currencies, as well as using crypto for payments to the state. It also prevents public entities from requiring payment in digital assets.
In addition to banning crypto in government operations, the Connecticut law imposes stricter licensing requirements and mandatory risk disclosures on money transmitters and crypto service providers operating in the state. Companies will now be required to display warnings to users about the irreversible nature of crypto transactions and the potential risks involved.
Louisiana’s Forward-Thinking Approach
On the other hand, Louisiana is embracing the future of digital technologies. The state’s House of Representatives recently passed a resolution to establish a task force dedicated to studying blockchain technology and artificial intelligence.
With nearly 20% of Americans now holding crypto, Louisiana lawmakers recognize the importance of understanding the opportunities and risks associated with these technologies. The task force will explore potential applications of blockchain and AI, as well as the regulatory frameworks needed to support their growth.
The task force in Louisiana will engage industry experts, businesses, and local communities through public hearings to gather insights for its study. The group aims to deliver its findings and policy recommendations to the state legislature by February 2026.