Potential Influence on Other States

[nihalsari]

California joins Delaware, Illinois, Kentucky, and New York in regulating abandoned crypto holdings, signaling growing recognition of cryptocurrency in state law. Unlike some states, California allows crypto to remain in its native form, avoiding premature liquidation that locks in value and prevents owners from benefiting from market gains. Legal experts suggest the move could influence other states to modernize unclaimed property statutes and improve administrative frameworks for crypto custodians.

[alex10]

When one state sets forward-thinking crypto policies, others often follow to stay competitive.

[Nahid10]

Legislative influence like this could shape nationwide blockchain regulation trends.