California Protects Unclaimed Crypto

[johnblockbuster]

California has taken steps to protect crypto holders with SB 822, a law signed by Governor Gavin Newsom.

The law ensures that unclaimed digital assets are preserved in their original form rather than automatically converted to cash before state custody. Account holders can now recover their crypto by filing a valid claim with the California State Controller, securing ownership rights and setting a precedent for digital property protection.

This move complements growing state-level interest in cryptocurrency investment and regulation across the U.S.

[The_Walking_Dead]

That’s a huge step for digital asset rights — California leading the charge on crypto property protection could push other states to follow suit 🪙️

[EmTeam]

Good initiative by California — protecting unclaimed crypto is a step toward mainstream legal recognition of digital assets.

[jacson4]

This could pave the way for clearer ownership laws and better consumer protection in crypto regulation.