Proposed Bill No. 6651 aims to enhance the prosecution of cryptocurrency theft and provide necessary resources to the Department of Emergency Services and Public Protection. The bill introduces new legal definitions and processes, including defining digital currency as a monetary instrument in alignment with banking definitions. It also allows for the preconviction confiscation of digital wallets linked to theft, which would help establish a victims' compensation fund. Additionally, the bill mandates a hearing process to ensure due process for the alleged offenders holding the digital wallets.

Furthermore, the bill proposes the creation of an operating budget within the Department of Emergency Services and Public Protection to acquire technology essential for investigating cryptocurrency theft. It also emphasizes the importance of training and communication between local police departments and the Department to effectively address these cases. Overall, the bill seeks to streamline the legal framework surrounding cryptocurrency theft, ensuring victims receive compensation while equipping law enforcement with the necessary tools to combat such crimes.