The updated draft of the CLARITY Act in the United States will reduce the risk of users being categorized as general unsecured creditors

BlockBeats News, July 24th, U.S. Senator Cynthia Lummis introduced the CLARITY Act update draft, which seeks to require digital commodity exchanges, brokers, and dealers to segregate customer assets, and prohibits the use of customer funds and assets as the platform's own property.

The draft also aims to classify digital commodities held by the platform for customers as "customer property" in bankruptcy liquidation proceedings, reducing the risk of users being treated as general unsecured creditors.