The Digital Chamber filed an amicus brief urging the dismissal of the New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, arguing it would set a dangerous precedent for self-custodial wallets.
Blockchain trade association the Digital Chamber filed an amicus brief in the New York lost property case seeking ownership of thousands of dormant Bitcoin addresses.&
The Monday filing is the second amicus brief in the case. It opposes the claims of ownership, arguing that treating dormant wallets as abandoned property would create a “pervasive cloud on title across self-custody wallets.”
Digital Chamber argues that a ruling based on the plaintiffs’ theory would undermine the “foundational principles of digital property ownership, with negative ripple effects reaching the traditional finance industry.”
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