Finally, there’s a decent consumer protection bill—this time, don’t mess it up.

Bijie News reports that the Clarity Act is considered one of the most important consumer-protection measures in recent years. The bill is intended to fill regulatory gaps in the United States regarding oversight and consumer protection for digital-asset investors and consumers, ensuring that robust consumer-protection mechanisms are put in place before a market crisis occurs. The bill will establish clear federal rules for digital-asset intermediaries such as centralized platforms, brokers, dealers, and custodians, covering areas including registration, supervision, disclosures, custody, segregation, market integrity, conflicts of interest, fraud prevention, and bankruptcy. The bill also requires intermediaries to follow basic enforceable standards regarding customer-asset protection, transparency, and market conduct to prevent future market collapses.