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Ji Kim
@_jikim
CEO @crypto_council. Formerly @Gemini, @KrakenFX, & @WillkieFarr. Tweets are not legal or financial advice. Views mine.
Joined June 2023
924 Following    2.7K Followers
👇Another reason why CLARITY is a strong bill and a major improvement over the status quo. It confirms that self-custodied digital assets cannot be treated as abandoned. CLARITY establishes that: (i) inactivity does NOT equal abandonment; (ii) no one can just seize / escheat self-custodied crypto; and (iii) owners don't have to take periodic actions just to keep their own coins. States and custodians are still permitted to apply normal unclaimed-property rules to custodial holdings (e.g., on an exchange). This also guards against dusting schemes targeting self-custodied assets like BTC. Time is NOW to pass CLARITY. 🇺🇸
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