California has enacted Senate Bill 822, effective October 2025, to protect unclaimed digital assets by mandating custodians to transfer them in their original form. The legislation requires the preservation of private keys and establishes specific timelines for notification and transfer processes. Custodians must notify apparent owners 6 to 12 months before reporting and transfer assets to licensed custodians within 30 days. The Controller is authorized to convert unclaimed crypto to fiat 18 to 20 months after filing, with claimants eligible to receive either the original asset or its proceeds.