California has quietly passed a controversial new law - Assembly Bill AB-1052 - that lets the state take custody of your unused crypto after three years of account inactivity.

The bill, passed unanimously (78-0) in June 2025, extends California's existing unclaimed property laws to digital assets. That means if you leave your bitcoin on an exchange for 3 years, the exchange is required to report it as "abandoned" and turn it over to the state.

They think this will hurt us? Seems to me they are encouraging self-custody 😂