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US lawmakers propose rules to safeguard crypto investors when exchanges collapse
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A bipartisan duo of US senators introduced a bill that would aim to protect investors in the event that a cryptocurrency exchange files for bankruptcy by ensuring that their digital assets would be held separate.
The Responsible Financial Innovation Act, introduced by Senators Kirsten Gillibrand and Cynthia Lummis on 7 June, would provide legal clarity for investors, creditors and crypto exchanges about the treatment of digital assets in bankruptcy, “ensuring that assets are appropriately safeguarded in an insolvency,” according...
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