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Cryptocurrency Digital Wallets New Legislation

Sheppard Mullin Richter & Hampton LLP

Connecticut Updates Money Transmission Law to Cover Digital Wallets and Virtual Currency

On June 30, 2025, Connecticut Governor Ned Lamont signed Public Act No. 25-66, enacting broad revisions to Connecticut’s money transmission statutes. The new law, effective October 1, 2025, updates definitions, expands...more

Orrick, Herrington & Sutcliffe LLP

Connecticut amends its money transmission licensing laws

On June 30, the governor of Connecticut signed into law HB 7042 to amend various provisions to its money transmission statutes, state payments and investments in virtual currency, and minors’ money sharing application...more

Shipkevich PLLC

Digital Assets Now Subject to Forfeiture Under New Connecticut Law

Shipkevich PLLC on

On June 4, 2024, Connecticut Governor Ned Lamont signed Senate Bill 6990 into law, making significant changes to the state’s asset seizure and forfeiture statutes by expressly including virtual currency and digital wallets as...more

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