# CFTC Chair Seeks Federal Registration Option After Binance Security Incident

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/44946
Published: 2026-10-30T17:29:19.000Z
Updated: 2026-10-30T17:29:19.000Z
Section: Regulation

> Michael Selig said he hopes crypto trading platforms can have a federal option to register with the agency.

Discussing the Binance security incident, CFTC Chair Michael Selig said he hopes crypto trading platforms can have a federal option to register with the agency. The comment connects the incident with a possible route for platforms to seek federal registration.

Selig said he hopes registration with the Commodity Futures Trading Commission (CFTC) can be made available to this type of trading platform. In practical terms, the federal option he described would allow platforms to seek registration with the agency. His remarks center on making that path available to crypto trading platforms.

That makes CFTC registration the policy issue he raised while discussing Binance's security incident. His stated goal is to give crypto trading platforms a federal route to register with the agency. For platforms, that route would mean the ability to register at the federal level with the CFTC. The policy position in his remarks is the availability of a CFTC registration option for these platforms.