$USDC ⚖️ California passes a bill to seize inactive crypto after 3 years!

California has just approved AB 1052, allowing the state to seize crypto in exchange accounts if there is no activity for 3 years. However, instead of being sold, the assets will be maintained in the form of Bitcoin – a significant improvement over the old law.

The bill also legalizes individuals and businesses receiving payments in crypto. If signed by Governor Newsom, the law will take effect from 1/7/2026.

Despite being controversial, experts like the Satoshi Action Fund believe the law helps protect users better.