Peter Todd on Nostr: Not surprising, as this is just an extension of existing inactive account laws. ...
Not surprising, as this is just an extension of existing inactive account laws. Though still quite evil: I personally haven't touched my retirement investment accounts in more than 3 years. This is exactly the kind of law that would wrongfully take them.
Also, inb4 they try to apply it to on-chain "accounts"...
California just passed a bill to seize Bitcoin left idle on exchanges.
After 3 years of inactivity, assets can be taken by the state under 'Unclaimed Property' laws.
Bill now heads to the Senate.
