Unclaimed property: digital financial assets.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill adds cryptocurrencies and similar digital assets to California's unclaimed property law. Holders must notify owners that unused assets will be transferred to a new Digital Asset Reserve Fund, where the state can stake them and later convert them to high‑value digital assets. Owners can claim their assets before conversion and receive them in original form or cash.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 5482.) · May 27, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 13, 2026
• Appropriations Committee Hearing
  Appropriations · Aug 3, 2026
• Judiciary Committee Hearing
  Judiciary · Jun 30, 2026
• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 6, 2026

History

1. May 28, 2026In Senate. Read first time. To Com. on RLS. for assignment.
2. May 27, 2026Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0.)
3. May 19, 2026Read second time. Ordered to third reading.
4. May 18, 2026Read second time and amended. Ordered returned to second reading.
5. May 14, 2026From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 14).
6. May 6, 2026In committee: Set, first hearing. Referred to APPR. suspense file.
7. Apr 23, 2026Re-referred to Com. on APPR.
8. Apr 22, 2026Read second time and amended.
9. Apr 21, 2026From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 20).
10. Apr 6, 2026Re-referred to Com. on B. & F.
11. Mar 26, 2026Read second time and amended.
12. Mar 25, 2026From committee: Amend, and do pass as amended and re-refer to Com. on B. & F. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (March 24).

The 12 most recent of 15 recorded actions.

Sponsors

• Avelino Valencia (D) · sponsor
• Valencia

Bill text

Opens the legislature’s own copy.

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