CFTC Chair on Binance hack: Hopes to offer federal registration option for crypto exchanges

PANews October 30 news, according to Reuters, U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, in an interview with CNBC regarding the Binance theft incident, said that the CFTC hopes to provide cryptocurrency exchanges with a federal-level option that allows them to register with the CFTC. Previously, Selig said that, with Congress having not yet taken action on relevant legislation, the CFTC is advancing a voluntary federal registration path for crypto exchanges, so that the crypto market enjoys the same protection mechanisms as the U.S. derivatives market.

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