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Crypto

US CFTC Chair Proposes Traditional Financial Protections for Crypto Exchanges Amid Binance Incident

2026/10/31 16:36(Updated 2026/11/01 18:42)

CoinPost

Written by L.Kikutani

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US CFTC Chair Proposes Traditional Financial Protections for Crypto Exchanges Amid Binance Incident

Federal Registration for Exchanges

On the 30th, Michael Selig, Chairman of the US Commodity Futures Trading Commission (CFTC), reiterated his proposal to establish a federal option for cryptocurrency exchanges to voluntarily register with the CFTC. This follows a hacking incident at Binance on the 29th (US time), which reportedly resulted in damages of approximately $6.3 billion. He revealed this in an interview on CNBC's program 'Squawk on the Street.'

The chairman...

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BTC$ 77,945.35▲ 0.71 %ETH$ 2,268.09▲ 0.81 %BNB$ 714.85▲ 1.61 %XRP$ 1.25▲ 0.33 %SOL$ 95.06▼ 0.61 %TRX$ 0.3107▼ 1.47 %HYPE$ 87.97▲ 1.42 %ZEC$ 1,242.74▼ 2.84 %DOGE$ 0.0756▲ 0.36 %XMR$ 600.85▲ 1.25 %
BTC$ 77,945.35▲ 0.71 %ETH$ 2,268.09▲ 0.81 %BNB$ 714.85▲ 1.61 %XRP$ 1.25▲ 0.33 %SOL$ 95.06▼ 0.61 %TRX$ 0.3107▼ 1.47 %HYPE$ 87.97▲ 1.42 %ZEC$ 1,242.74▼ 2.84 %DOGE$ 0.0756▲ 0.36 %XMR$ 600.85▲ 1.25 %