🇺🇸 The California lower house approved a bill to seize inactive crypto from exchanges
Bill AB 1052, approved by 78 votes, proposes to equate cryptocurrency with other types of unclaimed property.
If a user has not been active in their account for 3 years, the state will be able to seize the assets — but without selling them: BTC will be transferred to a licensed custodian.
The law also allows the use of cryptocurrency as a means of payment.
If the Senate supports the initiative, the law will come into effect on July 1, 2026.