OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6990
AN ACT CONCERNING THE SEIZURE AND FORFEITURE OF
DIGITAL WALLETS AND VIRTUAL CURRENCY.
Primary Analyst: BP 3/24/25
Contributing Analyst(s): RP
Reviewer: PR
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 26 $ FY 27 $
Resources of the General Fund GF - Potential
Revenue Gain
Minimal Minimal
Correction, Dept.; Judicial Dept.
(Probation)
GF - Potential
Cost
Minimal Minimal
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill, which clarifies that digital wallets and virtual currency are
subject to certain property laws, results in a potential cost to the
Department of Correction and the Judicial Department for incarceration
or probation and a potential revenue gain to the General Fund from
fines, to the extent that additional violations are prosecuted. On
average, the marginal cost to the state for incarcerating an offender for
the year is $3,300
1
while the average marginal cost for supervision in the
community is less than $600
2
each year for adults and $450 each year for
juveniles.
1
Inmate marginal cost is based on increased consumables (e.g., food, clothing, water,
sewage, living supplies, etc.) This does not include a change in staffing costs or utility
expenses because these would only be realized if a unit or facility opened.
2
Probation marginal cost is based on services provided by private providers and only
includes costs that increase with each additional participant. This does not include a
cost for additional supervision by a probation officer unless a new offense is
anticipated to result in enough additional offenders to require additional probation
officers. 2025HB-06990-R000270-FN.docx Page 2 of 2
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to the actual number of violations.