The crypto exchange is taking legal action against Connecticut, Michigan and Illinois, Chief Legal Officer Paul Grewal wrote on X.
The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.
Connecticut has taken a firm stance against government involvement in digital assets like Bitcoin. On June 30, Governor Ned Lamont signed a new bill into law that bans state agencies from investing in crypto, including Bitcoin. The legislation, known as House Bill 7082, also prevents state entities from accepting these assets as payment for any […]
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The Connecticut legislature has barred that state's government from setting up the kind of digital assets reserves seen forming elsewhere in the U.S.