The California State Assembly has passed a groundbreaking bill, AB-1052, that aims to streamline the management of dormant crypto assets. This legislation designates long-inactive cryptocurrencies as unclaimed property and requires custodians to comply by 2026. The bill specifically ensures that these assets remain in their native form—not being liquidated—until claimed by the owner. The initiative reflects a commitment to preserving digital asset ownership, particularly Bitcoin and Ethereum, as opposed to converting them into cash. `,This approach is modeled after existing unclaimed property laws, while incorporating key differences: it keeps cryptocurrency assets intact. The bill’s impact on exchanges and custodians is expected to be modest, focusing primarily on adjustments to regulatory frameworks for monitoring dormant accounts and ensuring their value remains intact. AB-1052 stands out as a significant step in shaping future crypto asset management practices and influencing the evolution of nationwide regulations.