The California State Assembly has passed Assembly Bill (AB) 1052 with a 69-0 vote that mandates the state to seize Bitcoin and other cryptocurrencies left unclaimed for 3 years.
Now, the Senate will vote on the bill.
Introduced by Democrat member Avelino Valencia, the bill includes digital assets, including virtual currencies, cryptocurrencies, or other digital-only assets in the already existing list of traditional assets such as bank accounts and safe deposits within the legal framework.
