Law Offers Legal Clarity for Crypto Custodians

[nihalsari]

The new California law provides clarity for exchanges and custodians, who previously faced administrative burdens under statutes requiring immediate liquidation of abandoned crypto. Non-custodial wallets remain unaffected. Custodians must notify owners at least six months after the state marks property as abandoned. Industry leaders, including Coinbase’s Paul Grewal, hailed the legislation as a step forward in protecting crypto investor rights and aligning law with modern digital assets.

[alex10]

Clear rules around custody will help institutional investors enter crypto more confidently.

[Nahid10]

Legal certainty strengthens the bridge between traditional finance and digital assets.