CFTC Chair Selig Proposes Voluntary Exchange Registration After $6.3B Binance Hack

CFTC Chair Selig proposed voluntary federal registration for crypto exchanges after a $6.3 billion Binance theft. Senator Lummis blames the stalled CLARITY Act for the lack of stronger industry defenses. The proposal aims to bring exchanges under federal oversight, but critics argue that voluntary measures may not be enough to prevent future hacks.