The bill specifies the rules for handling digital assets in the event of an exchange or custodian bankruptcy.

According to Odaily, a Fox Business crypto reporter posted on X that the bill specifies rules for handling digital assets in the event of exchange or custodian bankruptcy. The bill helps ensure that customer assets receive the same protections as traditional financial assets and remain owned by the customers, rather than becoming part of the company's bankruptcy estate. This could help prevent situations similar to FTX from happening again.