CFTC Chairman Michael Selig cited an October 29, 2026 hack of Binance resulting in an estimated $6.3 billion loss to support Selig's proposal for voluntary federal registration of offshore exchanges

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Thefts and exploits that drain funds from exchanges, protocols and bridges, with their post-mortems, laundering routes and recoveries.

Licensing, custody, and market-conduct rules for platforms where people trade digital assets, shaped by collapses like FTX and jurisdictional disputes between regulators.