Last week, Louisiana's Senate unanimously passed a bill specifically targeting unclaimed cryptocurrency accounts. The law defines accounts with no activity for three years as abandoned accounts, and exchanges are required to transfer all assets from these accounts to the state government. Your first reaction after reading this is probably, 'Damn, Americans are so messed up. Even if someone doesn’t touch their account for three years, why should their assets be confiscated and handed over to the government?' But actually, this seemingly aggressive law is designed to protect account holders. The law mandates exchanges to transfer these account assets to the government to prevent exchanges from mishandling the funds. Think about it—there are so many dormant accounts that no one claims. If the exchange decides to spend the money, no one would know. And if decades later someone suddenly shows up to claim the funds, they could just return the money then, right? So, the law forces exchanges to transfer these funds to the government, where they are placed into an unclaimed property fund. The government acts as the permanent custodian until someone provides solid proof that they are the rightful account holder. Only then will the government return the money. Even if the funds remain unclaimed for a long time, the government is not allowed to use or dispose of them. Currently, the U.S. unclaimed property fund holds a total of $70 billion in assets, and about $5 billion is returned to rightful owners every year.