California’s New Law Protects Unclaimed Cryptocurrency

California has taken a significant step forward in regulating digital assets, passing a new bill that will protect unclaimed cryptocurrency. The AB1052 bill, officially passed by the California State Assembly, clarifies how unclaimed cryptocurrency should be handled under the state’s existing Unclaimed Property Law. This means that instead of being converted to cash at the end of the dormancy period, digital assets like Bitcoin and Ethereum will remain in their original form. !