PANews reported on June 5 that according to Decrypt, the California House of Representatives passed the AB-1052 bill with 78 votes in favor and 0 votes against, proposing to treat crypto assets with no operation records within three years as unclaimed property and to be managed by the state government. The bill clearly states that the assets will not be liquidated and will still be kept by a third party in encrypted form, and users can claim them at any time. Supporters say that this mechanism is similar to traditional unclaimed property laws and is intended to protect the security of user assets; critics worry that it violates the privacy and self-custody spirit of Bitcoin. The draft bill will now be submitted to the California Senate and may be further revised.