Lawsuit claims 3.8M dormant BTC using police lost-and-found rules as Congress races to stop it with CLARITY

Section 20216 of the latest CLARITY draft states that a self-custodied digital asset cannot become abandoned, unclaimed, or forfeited. It also cannot become subject to adverse possession or finder's title solely because its owner has not moved it or otherwise shown continued interest. The language overrides state and local laws that treat years of wallet […]...
Coins in this story
Related stories

A $650 million wave of bridge hacks just triggered a $7 billion mass migration to Chainlink
Chainlink drew more than $7 billion of token value onto its cross-chain infrastructure in the second quarter as institutional adoption accelerated, according to its second-quarter review. The migration came as crypto projects replaced older bridging systems and traditional-finance firms moved deeper into tokenized markets, expanding Chainlink’s role across b...

The brutal $346M math behind Galaxy’s high-stakes race to build CoreWeave’s Texas AI mega-center
Phase II handovers are expected to begin in 2027 as the project company takes on fixed cash costs. The post The brutal $346M math behind Galaxy’s high-stakes race to build CoreWeave’s Texas AI mega-center appeared first on CryptoSlate....

Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt
Voluntary sales removed KULR’s collateral risk and Smarter Web’s near-term maturity and 7.7 million potential shares. The post Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt appeared first on CryptoSlate....