Holy shit, isn’t this straight-up robbery? Virginia’s law is seriously f***ed up—if you don’t log in to an exchange for 5 years, your crypto assets go to the government. Effective July 1. If your account on Coinbase, Kraken, or any other exchange stays inactive for 5 years, the state government can classify your coins as unclaimed property. Just log in once or make a single trade, and the countdown resets. A lot of people buy Bitcoin for long-term holding. Not touching it for 5 years is totally normal, but now it might trigger asset seizure. Self-custody wallets aren’t affected, but exchange accounts are. Previously, when Virginia got unclaimed crypto assets, they’d often sell them off quickly. Now, the new law requires the state to hold the original tokens for at least a year. If you come back to claim it later, you’ll get whichever is higher: the sale price or the market value on the day you claim. Sounds like an improvement, but the core issue remains: your assets will still be taken over by the state first.