The measure says digital asset accounts are presumed abandoned after three years of inactivity and sets procedures for holders to transfer or liquidate those assets for the state.
Louisiana has passed HB1256, creating a legal framework for unclaimed crypto and other digital assets. Under the measure, digital asset accounts are presumed abandoned after three years of inactivity. The bill also establishes procedures for custodians or other holders to transfer the assets to the state or liquidate them. The move applies traditional unclaimed-property treatment to crypto holdings, giving the state a defined process for handling dormant digital asset accounts.