AN ACT CONCERNING THE SEIZURE AND FORFEITURE OF VIRTUAL CURRENCY AND VIRTUAL CURRENCY WALLETS.

HB 6990 allows law enforcement to seize and forfeit virtual currency (like Bitcoin) and digital wallets used in criminal investigations, requiring a warrant and court approval. It directly affects police agencies conducting digital asset investigations and individuals involved in crimes using virtual currency. The bill establishes clear procedures for law enforcement to legally obtain these assets as evidence or forfeit them after conviction, without impacting legitimate users of virtual currency. This policy change updates seizure rules to address digital assets within existing criminal justice frameworks.