Dennis Porter
RT @Eric_Peterson_: Sigh.... This is not how the bill works. The bill puts digital assets under current unclaimed property law so you can go to the state to get it back. But the bill keeps your #Bitcoin as Bitcoin rather and liquidating it to cash. Its pro Bitcoin holder. Source I helped craft the bill.
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Dennis Porter
RT @cjasonmaier: This is absolutely untrue and takes about 30 seconds to disprove. Do better. https://t.co/irI6drSH9C

California just passed a bill to seize #Bitcoin left idle on exchanges.

After 3 years of inactivity, assets can be taken by the state under 'Unclaimed Property' laws.

Bill now heads to the Senate. https://t.co/nl1pQPWkvW - TFTC
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Bitcoin
£77,447.58
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mert | helius.dev
RT @0xShitTrader: Burn is up to 5% of total supply 🤯🤯🤯 https://t.co/zYU6Vv7EWG

The burn has reached 10m tokens, with the burn address entering the top 10 holders list. Top 3 soon... https://t.co/WULPvA7Hqz - defi guy 🔥🦅
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Lark Davis
RT @TheCryptoLark: Girls when they find out you bought Bitcoin at $1,000:

https://t.co/RVIpYgomNw
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jesse.base.eth
RT @songadaymann: TOMORROW
IS SONG A DAY 6000!

MY VIBE CODED VIDEO GAME

🌩️ CRYPTO TAX NIGHTMARE 🌩️
IS NOW LIVE!!

link below
👇

ONLY FOUR DAYS UNTIL SONG A DAY 6000!!!

I have achieved a lifelong dream:

I VIBE CODED
AN ENTIRE VIDEO GAME
BY MY FUCKING SELF

It's called Crypto Tax Nightmare.
Based on my $3M tax disaster.
(And there's a memecoin)

Here's how I did it 🧵👇 - 17 years of song a day
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Dennis Porter
RT @Eric_Peterson_: Since @SimplyBitcoinTV and @TFTC21 have had some misunderstandings on AB 1052 which passed the California Assembly last night, I have put together an explainer thread about how this protects #bitcoin for the citizens of California.

Let’s say it’s January 2015.

You’re curious about this new thing called Bitcoin. You open an account on a U.S. exchange and buy $100 worth.

Bitcoin is ~$225 at the time. That gets you about 0.444 BTC.

You never touch it again.

You switch jobs. You lose access to the email tied to that exchange. You forget where you bought the Bitcoin.
No logins. No trades. No emails answered. Nothing for 3+ years.

Now it’s 2018. Under California’s existing Unclaimed Property Law, that exchange is required to report your account to the state.

But here’s the catch:

They don’t transfer your Bitcoin.
They sell it at the 2018 price — around $3,500/BTC.

Your 0.444 BTC becomes $1,554 in cash. That’s all the state holds for you.

You have no idea this happened.

Now imagine it’s 2025. You stumble across the California unclaimed property site.

You find your name.

You get… $1,554.
Not Bitcoin. Not your 0.444 BTC. Just cash. Your asset was liquidated years ago.

Today, that Bitcoin would be worth $105,000/BTC × 0.444 = $46,620.

Gone.

This is the current system.

AB 1052 by Chairman Valencia fixes it.

Instead of selling your Bitcoin after 3 years of inactivity, custodians must transfer your actual BTC to a licensed custodian selected by the state.

The Bitcoin is held in native form, not converted to dollars.

So in that same story:

In 2025, you go to claim your property.

But this time, you get your original 0.444 BTC back.

Now worth $46,620.

Same coin. Same upside. Protected.
That’s what AB 1052 does. It doesn’t seize Bitcoin. It preserves it.

This only applies to:

Custodial platforms, not self-custody.

3+ years of inactivity.

Failed contact attempts.

No one touches your keys or your wallet.

But if you forgot a centralized account, AB 1052 gives you the best chance to get your Bitcoin back, not just its past value.

California already escheats inactive accounts the question is: should they liquidate your digital assets or hold them in kind?

AB 1052 says: hold them as they are.
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Lark Davis
RT @TheCryptoLark: This trader turned $94.1K into $334,700 trading a memecoin called $BOB.

4 months ago, he spent $94.1K to buy 3.5T $BOB.

Shortly, $BOB crashed by 90% - turning his $94.1 into just $6K.

But this guy held with conviction and now he has an unrealized profit of $222.3K. https://t.co/pbAoiKykzr
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sassal.eth/acc 🦇🔊
RT @l3olanza: 🚨 HISTORIC MOMENT FOR ETHEREUM 🚨

@VivekVentures, CEO of @Etherealize_io, just delivered a powerful testimony to Congress:

✅ Ethereum is the most secure + decentralized settlement layer
✅ $140B in stablecoins + $10B in tokenized assets
✅ Time to 100x innovation with the Clarity Act
✅ Real-time payroll, DeFi, tokenization — all happening on ETH

“We are going to change history by embracing the next phase of the internet.”

📺 Watch it. Share it. Be proud.
Ethereum is the future. 🧱🌐🔥
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Ansem 🐂🀄️
RT @Jack55750: Threadguy asks Ansem about the Pumpfun token

“Pumpfun is probably the most successful consumer app that Crypto has had in the past few years and if they’re able to raise a billion that’s a ton of capital to scale” https://t.co/RKPTFmphDB
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jesse.base.eth
RT @Sir_Damilare: An official safe space for West-Africa Base Builders to hang-out on here?

Tap in: https://t.co/TB6NqSw1Re
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Dennis Porter
RT @cjasonmaier: Absolutely get your Bitcoin off exchanges!!!

But also read this bill. People are trying to scare you with lies.

WTF.
Get your coins off exchange - learn about self custody, link below. - Efrat Fenigson
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Dennis Porter
RT @cjasonmaier: This was proposed by a Democrat and passed unanimously. And the bill does NOT allow the state to seize your Bitcoin after 3 years.

CALIFORNIA HAS OFFICIALLY PASSED THE ‘RIGHT TO TRANSACT’ BITCOIN UNANIMOUSLY OUT OF THE ASSEMBLY. https://t.co/yPqxwEV4eE - Dennis Porter
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vitalik.eth
RT @hwwonx: Today, we released the Ethereum Foundation Treasury Policy. It outlines our approach to macroeconomics, the management of crypto and fiat-denominated assets, and reflects our commitment to transparency and cypherpunk values. [wow it's a thread 🧶]

Announcing the Ethereum Foundation Treasury Policy

https://t.co/bU566m1zX5 - Ethereum Foundation
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