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Comment on Crypto Assets left unclaimed in California could soon be seized by the CA stateparent

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Crypto per se isn’t an asset class, it’s merely a form, not a substance. It can anything: from currency, to debt, to security, to derivatives, and anything hybrid or in between. Similarly like paper can be used for banknotes, cheques, stock certificates, bonds, etc.

I suspect the state of California probably won’t be too keen on transferring unknown debts to their accounts!

it's unenforceable anyway.

The way crypto lending works is u need to pledge an excess collateral in one token in order to get a loan in another token ;)

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