The Clarity Act Is the Most Important Consumer Protection Effort in Years
2026-07-16 15:14:33
Summer Mersinger, CEO of the Blockchain Association, said the Clarity Act would set customer asset protections for registered digital asset intermediaries before a failure occurs. According to CoinDesk, the bill would require custody standards, segregation rules, limits on misuse of customer property and clearer insolvency treatment, while also mandating plain-language disclosures and adding Bank Secrecy Act obligations for digital commodity exchanges, brokers and dealers.
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