Kyle Davies thinks dumping US citizenship may beat prosecutors — experts don’t
The US legal system — a labyrinthine set of definitions that usually requires the best-paid and smartest lawyers to defend against any claim — is being tested by one of the founders of Three Arrows Capital (3AC): Kyle Davies. Davies is suggesting that due to his supposed renunciation of his US citizenship, he can no longer be tried under US laws. It’s a bold — and, historically, unsuccessful strategy — but maybe this time it’ll pan out. The sov cit movement and citizenship renunciation While Davies’ arguments may seem novel, sovereign citizen proclamations are nothing new to the United States or to the cryptocurrency industry. Indeed, many US citizens have attempted to outrun the long arm of the law either by stating that they don’t fall under the jurisdiction of US courts or by renouncing their citizenship altogether. Unfortunately for them, it almost never ends well. Davies states that he’s “not subjecting [himself] to, or accepting the jurisdi...