Virginia, USA, Enacts HB 798 Bill, Including Digital Assets in Unclaimed Property Administration

According to Paul Grewal, Coinbase’s Chief Legal Officer, Virginia Governor Abigail Spanberger has signed HB 798, a bill extending the state’s unclaimed property laws to digital assets and ensuring that digital assets can be administered in kind. This measure aims to improve the legal ownership framework and handling mechanisms for digital assets. Paul Grewal expressed his gratitude for this development.