California just passed a bill that lets the state take control of your unused crypto if you don’t touch it for 3 years. Under AB 1052, if you have crypto sitting on a centralized exchange (like Coinbase or Binance) and don’t log in, trade, or withdraw for 3 years, it could be labeled “unclaimed property.”
The state could then move your coins into custody — but here’s the key: they can’t sell it. Your Bitcoin or Ethereum stays in its original form and can still be claimed later.
👀 This only affects custodial accounts (not cold wallets or self-custody).
🗓️ If signed into law, it goes into effect July 1, 2026.
