Fox Business reporter says bill would define treatment of customer digital assets in bankruptcy

A Fox Business crypto reporter said in a post on X that a bill sets out how digital assets would be handled if an exchange or custody institution enters bankruptcy. According to the post, the measure would help ensure that customer assets receive the same protections as traditional financial assets and remain the property of customers, rather than being folded into a company’s bankruptcy estate. The reporter added that such rules could help prevent a repeat of situations similar to FTX, where the handling of customer assets became a central concern. The statement, as cited by ChainCatcher, focuses on the legal treatment of digital assets held by intermediaries and frames the bill as a step toward clearer customer protections in insolvency cases.