Binance $6.3B hack revives political debate ahead of elections

A massive $6.3 billion hack of Binance has triggered an immediate political scramble in the United States, with election-season remarks rolling in as investigations and recovery efforts get underway. President Donald Trump addressed the breach at a news conference Friday, while Binance said it would cover losses and reported that roughly $3 billion of the stolen funds had already been frozen in multiple locations. The episode has also reignited the debate over U.S. crypto regulation—particularly the stalled “Clarity Act,” a bill designed to create a first regulatory framework for digital assets.