CFTC’s Selig Uses Binance Theft to Press for Federal Crypto Exchange Oversight

T2Covered by 1 source · first reported by PYMNTS at 02 Nov, 18:00 UTC

Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is using the theft of more than $6.3 billion from Binance to press his case for bringing offshore cryptocurrency exchanges under federal supervision. In an appearance on CNBC on Friday (Oct. 30), he argued that the attack exposes…