California Governor Gavin Newsom signed Senate Bill 822, officially making California the first U.S. state to protect unclaimed cryptocurrency from forced liquidation. The legislation updates the Unclaimed Property Law to classify digital assets such as Bitcoin as intangible property, requiring they be maintained in their original form before being transferred to state custody. This measure ensures unclaimed cryptocurrencies are treated similarly to dormant bank accounts or securities, addressing prior gaps in handling inactive digital asset accounts.