California advances unclaimed crypto, wide-ranging payments bill

June 5, 2025

, By Cointelegraph

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California’s lower house has passed a sweeping crypto payments-regulating bill that would also allow the state to take idle crypto holdings from exchanges if an owner hasn’t accessed their account in three years.

The California State Assembly data-ct-non-breakable=”null” href=”https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202520260AB1052″ title=”null”>passed Assembly Bill (AB) 1052 in a 78-0 vote on June 3, which would make crypto subject to the state’s unclaimed property laws and allow California to take possession of crypto in a user’s exchange account if it hasn’t performed “an act of ownership interest” over three years.

Such acts include…

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California advances unclaimed crypto, wide-ranging payments bill

June 5, 2025

, Published By Cointelegraph

California’s lower house has passed a sweeping crypto payments-regulating bill that would also allow the state to take idle crypto holdings from exchanges if an owner hasn’t accessed their account in three years.

The California State Assembly data-ct-non-breakable=”null” href=”https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202520260AB1052″ title=”null”>passed Assembly Bill (AB) 1052 in a 78-0 vote on June 3, which would make crypto subject to the state’s unclaimed property laws and allow California to take possession of crypto in a user’s exchange account if it hasn’t performed “an act of ownership interest” over three years.

Such acts include…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Circle’s IPO raises $1.1b in upsized stablecoin deal

Next News

TRAI Rejects COAI’s Request To Review Satcom Spectrum Recommendations

More like this

Popular

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