A lawsuit filed by Noah Doe and two companies claims ownership of 3.799 million dormant BTC, representing nearly 18 percent of Bitcoin’s total supply, using New York’s lost-property legal framework under Article 7-B of state law. These BTC are spread across 39,069 Bitcoin addresses that have remained inactive for years. Section 20216 of the CLARITY Act aims to prevent self-custodied digital assets from being classified as abandoned solely due to inactivity, overriding state and local laws that currently allow property transfer after years of silence. This provision would weaken arguments based solely on the lack of fund movement, even though courts could still examine other evidence such as notification campaigns or police reports.
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