https://legiscan.com/CA/text/AB1052/id/3193751
- Inactivity period
If you don’t show any “act of ownership interest” — such as logging in, making a transaction, depositing, withdrawing, or otherwise interacting with the account — for 3 years, the crypto is considered unclaimed property .- Holder/Exchange obligations
The holder (e.g., exchange or custodian) must try to contact you. If contact fails, they must report and transfer the crypto to a state-designated qualified custodian in its native crypto form (e.g., BTC stays as BTC, not converted to USD)  . - State custodianship & recovery
The State Controller will choose a custodian by January 1, 2027. The crypto remains in that form and can be claimed or reclaimed by the rightful owner through the unclaimed property process — no liquidation involved
- Holder/Exchange obligations
So is it’s taxed like an investment but also its property? Wtf?
