🏛️🔒 JUDGE STOPS LAWSUIT FOR 39,069 INACTIVE BITCOIN WALLETS IN NEW YORK
A judge in New York has halted the attempt by anonymous claimants to seize 39,069 inactive Bitcoin wallets. Judge Kathy J. King has paused the case until the crucial hearing on July 14, blocking a swift resolution in favor of the claimants, according to BeInCrypto.
What's shocking:
🛡️ Legal brake: The suspension came after attorney and BTC holder Ian R. Cohen intervened with an amicus curiae motion, arguing that New York's lost property laws only apply to physical goods.
⏳ Deadline: The anonymous claimants, led by "Noah Doe", have until July 7 to respond, as the case clashes with a 2022 law requiring unclaimed cryptocurrencies to go directly to the State.
#Bitcoin #BTC #Regulacion #CriptoNoticias #Binance 👁️ CUSTODY PSYCHOLOGY: THE DEFENSE OF DIGITAL PROPERTY IS AN INFINITE CYCLE ♾️
The mind of institutional investors and long-term holders (HODLers) values immutability and privacy above all. When external actors try to exploit traditional legal loopholes to confiscate inactive digital property, the community reacts immediately to protect the fundamentals of the ecosystem. This judicial halt demonstrates that smart money trusts that blockchain rules are sovereign and that attempts to colonize Bitcoin with old-world financial laws result in absolute rejection.
👇 Check the charts below NOW to see how Bitcoin's price reacts to the defense of its wallets live 👇
$ETH $BTC