Docket Room
AB 2335·CA·house

Unclaimed property: digital financial assets.

Passed One ChamberFiled Feb 19, 2026
Sponsor: Avelino Valencia (D)
Latest Action

Read second time and amended. Re-referred to Com. on APPR.

Jul 2, 2026

Summary

The bill treats cryptocurrencies and other digital assets as unclaimed property that must be turned over to the state. It establishes a Digital Asset Reserve Fund where these assets are held, converted into large‑cap digital assets after about a year and a half, and can be staked to earn rewards. Owners who claim their assets before conversion can receive them in the original form or cash.

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

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