JUST IN : California Assembly passes bill to regulate Digital Assets under 'Unclaimed Property' law.
The bill now moves to the Senate.
Law explained: Assets left on an exchange for 3 years will transferred to the state, and can then be claimed by the owner.
https://x.com/Bitcoin_Laws/status/1930315409032654910




Deep breath everyone. This is just the application of the state escheatment law to digital assets. Many states have already done this. California is not stealing your crypto. Here's how it works. 1/x
https://x.com/propelforward/status/1930353697394917640