Fox Business Crypto Reporter Says Bill Sets Rules for Digital Assets in Exchange Insolvencies

A Fox Business crypto reporter said on X that the bill outlines how digital assets should be handled if an exchange or custodian goes bankrupt. According to Odaily, the bill is intended to ensure customer assets receive the same protection as traditional financial assets and remain the property of customers rather than becoming part of a company’s bankruptcy estate. The reporter said this may help prevent another FTX-like situation.