californianews

Governor Gavin Newsom signed Senate Bill 822 into law on October 11, 2025, officially bringing digital financial assets under California's Unclaimed Property Law. This landmark legislation, which took effect on January 1, 2026, mandates that virtual currencies like Bitcoin and Ethereum be treated similarly to traditional assets like stocks or bank accounts.
$BTC
Under the new rules, any crypto asset held by a business association is considered "unclaimed" if the owner has no documented activity or contact for a period of three years. Crucially, the law requires these assets to be transferred to the State Controller's Office in their original form rather than being liquidated immediately, a move intended to preserve the potential value for the rightful owner.
$ETH
The State Controller is authorized to hold these escheated assets for 18 to 20 months before they can be converted to fiat currency at prevailing market prices. This period provides a window for owners to reclaim their specific tokens; if liquidated later, the owner is entitled to the net proceeds from the sale.
$BNB
This policy specifically targets custodial services and exchanges, while assets held in private "cold wallets" or self-custody remain exempt because they are not managed by a third-party "holder". It addresses a significant gap in state law that previously left virtual currency reporting inconsistent and confusing for both companies and consumers.

California is the first state to implement such a comprehensive framework, positioning itself as a leader in digital asset regulation while aiming to reunite owners with forgotten funds. As 2026 begins, crypto exchanges must now implement rigorous tracking and notice protocols to alert users before their assets are transferred to state custody.

#CryptoLaw2026 #BitcoinRegulation #GavinNewsom #CaliforniaNews #DigitalAsset #UnclaimedProperty

🐀 SHOCKING:
Bubonic Plague Confirmed in California After Lake Tahoe Trip – Should We Be Worried? 😱

🌲 A peaceful camping trip near Lake Tahoe turned into a medical nightmare when a California resident tested positive for the bubonic plague — yes, the same terrifying disease from the Middle Ages. While it sounds like a horror story, it’s very real and has once again shocked the world. 🌲

🦠 Health officials believe the infection may have come from a flea bite, possibly from a wild rodent in the forest. Though modern medicine can treat it with antibiotics, the case has stirred panic and raised serious questions about wildlife and human safety in natural parks. 🦠

⚠️ The bubonic plague, often called the “Black Death,” once wiped out millions in Europe. It’s rare today, but not extinct. This case is a loud reminder that nature still carries ancient dangers — especially when we ignore safety in the outdoors. ⚠️

🚨 California authorities are now urging all visitors to use bug repellent, stay away from wild animals, and report any sudden fever or swollen glands after nature trips. Early symptoms can feel like the flu — but acting fast can save lives. 🚨

😨 It’s 2025, and we’re still facing threats we thought were long gone. Is this just a random case, or a warning that we need to pay more attention to our environment and health? 😨

🧠 Do you think ancient diseases are making a comeback — or is this just a rare case blown out of proportion? Drop your thoughts below! 🧠

💖 If this post gave you something new to think about, please Follow, Like, and Share to support original creators in the Binance Write-to-Earn community. Your support helps us grow stronger every day! 💖

#BubonicPlague #CaliforniaNews #HealthAlert #Write2Earn #BinanceSquare