Only the U.S. Senate can prevent the next FTX

The U.S. Senate is set to vote on the Digital Asset Market Clarity Act, legislation that would impose traditional financial safeguards on digital asset exchanges to prevent fraud similar to the FTX collapse. The bill aims to clarify regulatory authority, require segregation of customer assets, and introduce disclosure and compliance measures.

This Wire brief sits within Fusion42's coverage of Fintech, and 41 sources have reported it between 22 Jul 2026 and 25 Oct 2026.