The Digital Chamber urges Congress to give CFTC oversight of crypto exchanges

U.S. crypto lobbying group The Digital Chamber urged Congress to quickly advance stronger crypto exchange regulation in the wake of the Binance hack, CryptoTimes reported. In a letter to congressional leaders, The Digital Chamber emphasized that the Commodity Futures Trading Commission’s oversight authority over crypto exchanges should be clarified, and that lawmakers should not wait for the CLARITY Act before prioritizing separate legislation focused on customer asset protection and cybersecurity. The group also stressed the need for real-time security monitoring and stricter incident reporting requirements.

Source: Coinness