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.
The sector awaits the lawmakers’ response ahead of the 119th Congress recess , assessing whether these guidelines will be debated as standalone legislation or integrated into broader reforms.
Source: https://digitalchamber.org/wp-content/uploads/2026/10/Congressional-Letter-on-Consumer-Protection-10.30.26.pdf
Disclaimer: Crypto Economy Flash News is prepared using official and public sources verified by our editorial team. Its purpose is to promptly report on relevant events within the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.
