AN ACT CONCERNING CRYPTOCURRENCY THEFT AND THE RESOURCES OF THE DEPARTMENT OF EMERGENCY SERVICES AND PUBLIC PROTECTION TO FIGHT SUCH THEFT.

HB 6651 defines digital currency in the penal code to align with banking standards, allows law enforcement to seize digital wallets associated with cryptocurrency theft before a conviction to fund victim compensation, and creates a dedicated budget within the Department of Emergency Services and Public Protection. The bill provides resources for the department to purchase technology, train officers, and coordinate with local police to investigate crypto theft cases more effectively. It directly affects victims of cryptocurrency theft by establishing a compensation mechanism and law enforcement agencies by funding specialized tools and training. The key provisions focus on standardizing legal definitions, enabling victim restitution through asset seizure, and enhancing investigative capabilities for crypto-related crimes.