CLARITY Act Mandates Customer Crypto Asset Segregation From Exchange Bankruptcy Estates
2026-07-20 21:26

Woofun AI reports that the CLARITY Act mandates regulated digital asset intermediaries treat customer cash and digital assets as segregated property, distinct from corporate holdings. The legislation prohibits unauthorized use of these assets by brokers or exchanges, ensuring they remain with customers even if the platform enters bankruptcy. This framework addresses precedents set by the Celsius and Voyager collapses, where court rulings classified deposited crypto as company property. The bill also delineates regulatory authority between the SEC and CFTC to enhance market integrity and developer certainty. It has passed the House but awaits Senate approval.

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Cynthia Lummis
Martin Glenn
CLARITY Act
Celsius Earn
Celsius
Voyager
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