Following the signature of Governor Abigail Spanberger, it will come into effect on July 1, 2026. Assets that remain unclaimed for five years will be transferred to the state treasury in their original form. Before liquidation, the state is required to hold them for at least one year. Previously, authorities liquidated assets immediately after transfer, which could lead to losses in the event of claims on the assets. The bill does not include non-convertible bonuses from sellers, in-game items, and certain regulated securities. Coinbase's CLO, Paul Grewal, supported the new measures. In October 2025, California passed a similar law, which came into effect on January 1, 2026.