Lummis: CLARITY Act Protects Crypto Assets in Bankruptcies

@SenLummis

Terra’s collapse wiped out roughly $40 billion, and much of what remained got swallowed by the bankruptcy process itself. The Clarity Act doesn’t just draw a line between reserve-backed assets and algorithmic experiments. It makes sure that when something fails, customer assets

@MDDODO_OFFICIAL

Consumer protection remains a key focus of the CLARITY Act with Senator Cynthia Lummis saying the bill is designed to safeguard customer assets when crypto projects fail, pointing to the $40 billion Terra collapse as an example https://t.co/QxfF7dqyf1

@Cointelegraph

🚨 LATEST: Senator Lummis says the CLARITY Act would protect customer assets when crypto projects fail, citing Terra’s $40B collapse. https://t.co/spOpBbhJ1r

@EyeWhales

JUST IN: 🇺🇸 Senator Cynthia Lummis says the Clarity Act is designed to stop another $40 billion Terra collapse from happening again. https://t.co/LDJxfTHAg9

@CW8900

🚨 LATEST: Senator Lummis says the CLARITY Act would protect customer assets when crypto projects fail, citing Terra’s $40B collapse. https://t.co/4ZOrWVzOex

@CryptoTimes_io

JUST IN: Senator Cynthia Lummis says the CLARITY Act would protect customer crypto during bankruptcies, preventing assets from being absorbed into creditor claims. She cited Terra’s roughly $40 billion collapse as a key example of why clearer ownership rules are needed. https://t.co/ob6wFTVh0p

@cryptonwsuk

LATEST: 🇺🇸 Senator Lummis says the CLARITY Act would protect customer assets when crypto projects fail, citing Terra’s $40B collapse. https://t.co/sEz2oTrptr

@TheCryptoSquire

🚨 CLARITY ACT PROTECTS INVESTORS 🚨 Senator Cynthia Lummis says the collapse of Terra showed why crypto needs clear rules. According to her, the CLARITY Act protects customer assets by keeping them out of bankruptcy proceedings when platforms fail. That’s how trust is built. https://t.co/4kLuZgsRQj