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Is there any validity to that, or was it simply because he was using American registrars?
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Nope. It was because he was using an American Registrar. Your agreement is between you and the registrars -- and registrar has to comply with the local laws.
I have never heard Verisign being forced to relinquish a domain -- and if the US was able to do so then they would have already done so in a LOT of cases.