CFTC Chair Michael Selig said the agency wants to offer crypto exchanges a federal registration option so they can come and register with the CFTC, in comments tied to the reported $6.3 billion Binance hack.

CFTC Chair Michael Selig said the agency wants to offer crypto exchanges a federal registration option so they can come and register with the CFTC, in comments tied to the reported $6.3 billion Binance hack.

The wording comes from a CNBC interview first flagged as "WE WANT TO OFFER A FEDERAL OPTION TO THESE EXCHANGES TO COME AND REGISTER WITH THE CFTC", with Bitcoin Magazine summarizing it as Selig saying exchanges could take a federal registration route following the hack.

A French account described the point as strengthening oversight and investor protection, while another summary put it as offering exchanges a federal option to register with the CFTC. No fuller CNBC transcript is in the sources so far.