CFTC Chair on Binance Hack: We Want to Offer Crypto Exchanges a Federal Registration Option

Tapbit news, October 30 — According to Reuters, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), said in a CNBC interview regarding the Binance hack that the CFTC wants to provide crypto exchanges with a federal-level option allowing them to register with the CFTC. Previously, Selig said that with Congress yet to act on related legislation, the CFTC is advancing a voluntary federal registration path for crypto exchanges so that the crypto market enjoys the same protections as the U.S. derivatives market.