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Connecticut Slams the Brakes on State Crypto Investments—What’s Next for Digital Assets?
Connecticut Slams the Brakes on State Crypto Investments—What’s Next for Digital Assets?
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Connecticut just dropped a regulatory hammer—state crypto investments and reserves are officially off the table. No hedging, no loopholes, just a hard stop.
Why the cold feet? While lawmakers cite 'risk management,' crypto bulls smell fear—another case of institutional inertia missing the blockchain boat. Meanwhile, pension funds keep pouring billions into legacy assets bleeding alpha.
The irony? Connecticut’s ban drops as institutional crypto adoption hits record highs elsewhere. Wall Street’s playing chess; Hartford’s stuck on checkers.
One thing’s clear: when bureaucrats default to blanket bans, innovation packs its bags. The Nutmeg State’s loss—DeFi’s gain.
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