Kyle Davies Contests US Authority, Asserts Singaporean Citizenship
Kyle Davies, co-founder of 3AC, has submitted documentation to the US Bankruptcy Court asserting his citizenship in Singapore.
- Kyle Davies renounced his US citizenship in December 2020 and acquired Singaporean citizenship in January 2021.
- He claims that he is no longer bound by US laws and refuses to subject himself to US authority.
- Davies found himself ensnared in a subpoena related to the collapse of the crypto hedge fund 3AC.
- He ignored the subpoena, sparking arguments about his alleged contempt of court and possible fines.
- Davies’ legal team argues that any orders or demands from the court should be vacated due to his renounced US citizenship.
Hot Take: Kyle Davies’ decision to contest US authority and assert his Singaporean citizenship highlights the challenges of cross-border legal disputes in the crypto industry. It raises questions about the jurisdiction and enforcement of court orders in a globalized and decentralized financial system.