Kingdom Trust's Bitcoin IRA lawsuit dismissed in federal court for lack of jurisdiction

Quick Take

  • My Ret. Account Servs. v. Alternative Ira Servs. is a Kentucky federal court lawsuit around a business dispute involving a tech platform that was supposed to allow people to invest retirement funds in crypto
  • Non-resident defendants move to dismiss for lack of personal jurisdiction 
  • Applying Kentucky “long arm” statute, court said not enough contacts existed with state for the case to be heard there — things like phone calls, emails and letters were not enough