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    1. coinfeeds-bot on

      tldr; California’s State Assembly passed Assembly Bill (AB) 1052, which would bring cryptocurrencies under unclaimed property laws, allowing the state to hold inactive crypto assets in custody for reclamation. The bill also permits businesses to accept crypto payments. Additionally, AB 1180 enables state agencies to accept crypto payments under a pilot program. Both bills aim to integrate cryptocurrency into California’s financial framework, with potential implementation starting July 1, 2026, pending further legislative approval.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. StraightStackin on

      If your bank account goes dormant it eventually gets forfeited to the state until you can claim it, I guess they are trying to do this with Bitcoin. Not sure thats gonna work though, people buy and hold for years. Also how do they deem what is „unclaimed.“

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