U.S. Senate Approaches Final Vote on Confirming CFTC and FDIC Crypto Regulators

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Release Time:12/11/2025 19:36:13

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The U.S. Senate is set to finalize the confirmation of Mike Selig as CFTC chairman and Travis Hill as FDIC chairman, with a final vote expected early next week. A 52-47 vote on Thursday cleared the way for both nominees, key figures in shaping **liquidity and crypto markets**. Selig, a former SEC official, will replace Acting Chairman Caroline Pham, while Hill will see his interim FDIC role made official. The CFTC has already moved to expand oversight, including allowing Bitcoin and Ether as collateral and enabling spot crypto trading services, signaling a regulatory shift toward **risk-on assets**.

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