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BlockBeats reported that on June 5th, California lawmakers passed a bill in the House of Representatives on Tuesday, requiring the state government to confiscate unclaimed encrypted assets from cryptocurrency exchanges if customer accounts have been inactive for three consecutive years and have not shown interest in their assets. Although the bill has sparked controversy among cryptocurrency investors and faced widespread opposition on social media, people may not need to worry excessively. Supporters of the bill argue that the state government will not liquidate unclaimed Bitcoin or other digital assets, but will instead hold them in custody by third-party custodians for customers to claim in the future - meaning that investors' tokens will not be sold at low prices without consent.