California Empowers Crypto Owners: New Policy Allows Reclaiming Lost Bitcoin

In a major win for crypto holders, the state of California has introduced a policy that allows individuals to reclaim lost Bitcoin without being forced into liquidations. This marks a significant shift in how states handle digital assets by protecting the ownership rights of users rather than converting them into cash. Previously, many unclaimed crypto holdings were cashed out by state agencies, often leading to taxable events and loss for the owner. This innovative policy acknowledges the nature of cryptocurrency as an asset rather than just money.