Citing HashNews, the U.S. Senate is advancing confirmation votes for two key financial regulators nominated by President Trump. Mike Selig has been nominated as Chair of the Commodity Futures Trading Commission (CFTC), and Travis Hill as Chair of the Federal Deposit Insurance Corporation (FDIC). Both are seen as crypto-friendly and expected to play major roles in U.S. crypto market regulation. If confirmed, Selig would become the sole CFTC commissioner and lead the enforcement of crypto regulatory legislation, while Hill has emphasized lifting previous restrictions on banks engaging in crypto business and taking action against 'debanking' issues.
Trump Nominates CFTC and FDIC Chairs, May Reshape Crypto Regulation
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