Connecticut
Bitcoin States
Connecticut has introduced legislation to study and regulate digital assets, with the Connecticut Department of Banking overseeing virtual currency businesses under money transmission laws. The state has explored Bitcoin adoption and has seen growing interest in Bitcoin custody and financial services. Connecticut's proximity to New York makes it a secondary financial center for institutional Bitcoin activity.
Details
- State
- Connecticut
- Status
- no_legislation
- Notable
- No Bitcoin reserve legislation; home to major hedge funds with BTC exposure
- Governor
- Ned Lamont
- Known For
- DOB money transmission licensing, proximity to NYC institutional Bitcoin market
- Income Tax
- Yes
- Bill Number
- None enacted
- Description
- Connecticut has no active Bitcoin reserve or mining legislation. No formal Bitcoin policy as of early 2026.
- Abbreviation
- CT
- Notable Legislation
- Money Transmission Act covers virtual currencies
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- low
More Bitcoin States
Arizona
Arizona signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized or forfeited assets, rather than purchasing it outright. This establishes a legal framework for Arizona to become a state Bitcoin holder through law enforcement activities. Arizona also considered more expansive Bitcoin reserve bills that would allow active treasury purchases, but these faced additional hurdles. Arizona's large retirement system (PSPRS) managing over $14 billion makes any state-level Bitcoin allocation strategically significant.
New Hampshire
New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.
Texas
One of the most Bitcoin-friendly states. Passed strategic Bitcoin reserve legislation and purchased ~$5M in BlackRock Bitcoin ETF (Nov 2025). Home to major mining operations and a supportive regulatory environment.
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