CLARITY Act Draft Mandates Asset Segregation, Lowering Unsecured Creditor Risk
2026-07-24 20:50

Woofun AI reports that U.S. Senator Cynthia Lummis released an updated draft of the CLARITY Act, mandating that digital commodity exchanges, brokers, and dealers segregate customer assets. The legislation prohibits platforms from treating client funds as proprietary assets and stipulates that digital commodities held on behalf of customers be classified as "customer property" during bankruptcy liquidation proceedings.

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Cynthia Lummis
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