Bill
AB 2335
AB 2335 extends California's unclaimed property law to digital financial assets like cryptocurrency and digital wallets, clarifying ownership rights after prolonged inactivity.
AB 2335 updates California's unclaimed property laws to include digital financial assets—such as cryptocurrency, digital wallets, and online financial accounts—that would otherwise be turned over to the state after prolonged inactivity. The bill clarifies how these modern assets are treated under existing unclaimed property statutes, which were written before digital assets became commonplace.
As digital assets have proliferated, ambiguity has grown around whether they fall under unclaimed property laws, creating potential conflicts between asset holders, financial institutions, and the state. This bill provides legal clarity that protects consumers' rights to recover forgotten digital assets while establishing clear procedures for institutions managing these accounts, affecting millions of Californians with cryptocurrency holdings, digital payment accounts, or online financial services.
Compiled from official sources — confirm details with the bill’s official record.
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