Virginia Governor Signs HB 798 to Extend Unclaimed Property Law to Digital Assets

Virginia enacted House Bill 798 to extend the state’s unclaimed property framework to digital assets. Under the law, unclaimed crypto assets must be transferred to state custody in kind after five years rather than being immediately converted to cash. The measure takes effect on July 1, 2026, and requires state administrators to hold the digital assets for at least one year before liquidation.

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