Recent California crypto law is getting mocked and meme’d to oblivion. After three years of tightening legilslation, the Golden State just passed AB-1052 letting them to seize inactive crypto wallet after 3 years. Crypto user are defenitely not amused and saying Westcoast is turning into meme.
This move made BitLicense look like a walk in the park. California laws are not playing well with DeFi users. Social media is calling the state “Cooked” with posts exploding over this “criminal” move.
California Crypto Law: The Latest Nuke in Crypto Society
Over the past three years, California has gone from laissez-faire ( let it be) to regulatory powerhouse when it comes to crypto. And this is not welcomed well through Web3 community.
The most recent nail in the coffin is Bill AB-1052, which passed in June 2025, which allows the state to take custody of inactive crypto wallets after three years.
🚨UPDATE: California has passed Assembly Bill AB-1052, allowing the state to seize unused crypto after 3 years of account inactivity.
California is cooked. pic.twitter.com/pNaTRrHnzJ
— The Maverick Approach (@Maveapproach) June 27, 2025
DISCOVER: Best Meme Coin ICOs to Invest in 2025
That means if you haven’t touched your wallet in a while, California might just step in and hold it for you. While it technically allows for reclaiming assets after identity verification, the community isn’t buying that narrative.
This move follows Assembly Bill 39, signed in 2023, which requires licensing for crypto businesses operating in the state. The rule is often compared to New York’s notorious BitLicense law.
Then there’s Senate Bill 401, capping crypto ATM withdrawals at $1,000 per day. All this add up to regulatory framework that crypto traders are calling invasive, controlling and in internet fashion , meme-worthy.
California’s AB 1052 threatens your crypto after 3 years of "inactivity" 😱
Another reminder that 𝘀𝗲𝗹𝗳-𝗰𝘂𝘀𝘁𝗼𝗱𝘆 𝗶𝘀𝗻’𝘁 𝗷𝘂𝘀𝘁 𝗮𝗻 𝗼𝗽𝘁𝗶𝗼𝗻.
Peer-to-peer means freedom and sovereignty. No third parties in between! pic.twitter.com/spXt3A4CIB
— Portal (@PortaltoBitcoin) June 4, 2025
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
The outrage is loud and it is everywhere. X (Twitter) is swamped with posts like “California is cooked” and “They are seizing our savings”. The absurdity felt by the crypto community is pushing Westcoas to become meme itself.
Memecoins thrive on sentiment like this one and now California is giving fuel to the crypto fire. Not as paradise but more like regulatory parody. For a state that helped birth Silicon Valley, this crypto crackdown migh just be the ultimate plot twist and whole crypto community isn’t letting it slide.
Nobody Can Stop a BTCBULL
Although things are heating up in California, this is one small part of the crypto space, and this won’t stop people from believing in Bitcoin.
As the crypto space continues to develop, new players are emerging on the Bitcoin scene. BTCBULL also reflects the one-of-a-kind enthusiasm of the Bitcoin crowd and crypto as a whole.
The whole idea is to show how strong and resilient is pro-crypto community. Unique design of BTCBULL allow you to recieve Bitcoin by just holding the native coin $BTCBULL.
With some inovative and clever design to burn $BTCBULL or airdrop BTC at certain Bitcoin price milestones. This give you the opportunity to participate in the oldest running crypto currency.
Right now $BTCBULL is in presale and you can join the fun for $0.002585 per coin and furthermore stake it for 51% APY returns while waiting for the airdrops.
So far, the team has gotten more than 2 billion coins in the staking pool, which depicts the demand for Bitcoin. Definitely this will be one of the best presales on Bitcoin that you can get in.
Follow BTC Bull on X (Twitter) and Telegram for the latest news.
Want to know more? Visit the BTC Bull token website here.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
