Politics.AIAssembly BillPassed first houseCivil Procedure
AB 1052: Digital financial assets.
What AB 1052 does, verified December 7, 2025
This bill would amend existing laws to handle digital financial assets. It would establish a 3-year timeframe for intangible property to be claimed by its owner. If the owner fails to claim the property within this timeframe, it would escheat to the state. The state would then transfer the digital asset to a designated custodian, which would be responsible for holding the asset securely. The custodian must be licensed by the state's Department of Financial Protection and Innovation.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: In committee: Held under submission. (2025-05-23)Alert me
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| Aug. 29, 2025 | In committee: Held under submission. |
| Aug. 18, 2025 | In committee: Referred to suspense file. |
| Jul. 14, 2025 | Re-referred to Com. on APPR. |
| Jul. 14, 2025 | Withdrawn from committee. |
| Jul. 14, 2025 | In committee: Hearing postponed by committee. |