Trump Says Binance Hack Is Under Review as Crypto Rules Loom

President Trump said his administration is looking into the reported Binance security breach, according to The Block, as the incident, which Binance said affected roughly $6.3 billion in client assets, intensifies a long-running debate in Washington over whether the United States needs federal cybersecurity safeguards for crypto exchanges operating outside its direct oversight. The reported presidential comment, cited by The Block on October 30, 2026, has not been independently corroborated by a White House statement, official transcript, or agency release as of publication.