AI TRENDS | Lummis Releases CLARITY Act Draft Requiring Customer Asset Segregation
2026-07-24 12:53:38
U.S. Senator Cynthia Lummis has released an updated draft of the CLARITY Act that would require digital commodity exchanges, brokers, and dealers to segregate customer assets. According to Odaily, the draft would also prohibit platforms from using customer funds and assets as their own property and would define digital commodities held for customers as "customer property" in bankruptcy proceedings.
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