Digital Chamber Pushes for Stricter Crypto Exchange Rules After Major Hack

A few hours after the $6.3 billion hack on Binance , the Digital Chamber sent an urgent letter to Congressional leaders requesting targeted legislation to regulate cryptocurrency exchanges. The initiative calls on lawmakers to act immediately to require mandatory segregation of customer assets, qualified custody, bankruptcy protections, and regular independent audits. The demand arises from the operational and oversight vulnerabilities that the incident exposed across the digital industry. The Digital Chamber argues that the CFTC must have clear registration and inspection authority over spot platforms, additionally incorporating rigorous cybersecurity standards such as multi-party authorization for withdrawals and real-time monitoring to safeguard user capital.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.