California has quietly passed a controversial new law - Assembly Bill AB-1052 - that lets the state take custody of your unused crypto after three years of account inactivity. The bill, passed unanimously (78-0) in June 2025, extends California's existing unclaimed property laws to digital assets. That means if you leave your bitcoin on an exchange for 3 years, the exchange is required to report it as "abandoned" and turn it over to the state. They think this will hurt us? Seems to me they are encouraging self-custody πŸ˜‚
β€œAnytime the government is manipulating the free markets, I don’t like it. They do it for one reason, to get a good effect. But the second order consequences are usually much worse than the benefits that they provide.” @less
The HODL Top 100 will be more important that the S&P 500 image