{"id":30327,"date":"2025-06-05T07:16:46","date_gmt":"2025-06-05T07:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30327"},"modified":"2025-06-05T07:16:46","modified_gmt":"2025-06-05T07:16:46","slug":"california-move-to-takeover-crypto-left-unclaimed-in-exchanges-spurs-debate-golden-state-robbing-citizens-or-just-following-precedents","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30327","title":{"rendered":"California Move To Takeover Crypto Left Unclaimed In Exchanges Spurs Debate: Golden State Robbing Citizens Or Just Following Precedents?"},"content":{"rendered":"<div>\n<p>California lawmakers passed a bill Wednesday allowing the authorities to take control of cryptocurrency from exchanges after three years of inactivity under the Unclaimed Property Law.<\/p>\n<p><strong>What happened: <\/strong>The bill, which proposes to regulate digital asset financial activities, states that &#8220;intangible property&#8221; held in a cryptocurrency account will become state property if the holder fails to complete an \u201cact of ownership interest\u201d within three years.<\/p>\n<p>These acts include making a transaction, i.e., buying, selling, depositing or withdrawing, and accessing the account electronically, among others.<\/p>\n<p>The draft legislation passed the Assembly and will now proceed to the California Senate.<\/p>\n<p><strong>See Also:<\/strong><a href=\"https:\/\/www.benzinga.com\/25\/04\/44621245\/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock\"><strong> <\/strong><\/a><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/45740537\/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger\"><strong>Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP \u2014 \u2018Gold Used To Be That Money, BTC Is The Challenger\u2019<\/strong><\/a><\/p>\n<p>The development riled up the cryptocurrency community, with several X users deeming it a seizure of &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/45786438\/california-move-to-takeover-crypto-left-unclaimed-in-exchanges-spurs-debate-golden-state-ro\" alt=\"California\" move to takeover crypto left unclaimed in exchanges spurs debate: golden state robbing citizens or just following precedents>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>California lawmakers passed a bill Wednesday allowing the authorities to take control of cryptocurrency from exchanges after three years of inactivity under the Unclaimed Property Law. What happened: The bill, which proposes to regulate digital asset financial activities, states that &#8220;intangible property&#8221; held in a cryptocurrency account will become state property if the holder fails [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30327","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30327"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30327\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}