Clarity Act News: Lummis Says Bill Protects Customer Crypto in Exchange Bankruptcies

The post Clarity Act News: Lummis Says Bill Protects Customer Crypto in Exchange Bankruptcies appeared first on Coinpedia Fintech News

Clarity Act news gained attention after Senator Cynthia Lummis said the proposed legislation would require crypto platforms to keep customer digital assets separate from company funds. Under the bill, Bitcoin (BTC), Ethereum (ETH), and other customer assets would not become part of an exchange’s bankruptcy estate if the platform fails. Lummis said the measure closes …