[Wu Blockchain News] Highlight Clip: CFTC Chair: Binance Hack Once Again Shows Offshore Exchanges Nee...

CFTC Chair Michael Selig said in a December 30, 2026 interview that the Binance hack demonstrates offshore crypto exchanges lack safeguards equivalent to those in U.S. financial markets, and he called for an optional federal registration pathway requiring platforms to meet corresponding cybersecurity standards. Selig noted the attack did not target the blockchain itself or on-chain contracts, and said the traceability of on-chain transactions could aid regulators. The remarks renew the push for U.S. oversight of offshore venues following the Binance breach. What to watch next: whether a voluntary federal registration framework for exchanges advances.