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

According to CryptoSlate, proposed legislation known as the CLARITY Act includes a provision that aims to prevent dormant, self-custodied Bitcoin from being classified as abandoned due solely to inaction. This proposal seeks to protect individuals from losing ownership of their Bitcoin assets after long periods of inactivity, countering claims that rely on state lost-property laws. The effectiveness of this provision will depend on its final form after congressional negotiations and how courts interpret its language regarding inactivity. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.