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US Senate Confirms Pro-Crypto Regulators for CFTC and FDIC

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The US Senate confirmed Mike Sullivan as CFTC Chair and Travis Hill as FDIC Chair, both key figures in shaping crypto regulation. The CFTC is expected to take a central role under the CLARITY bill, which addresses regulatory overlap between the SEC and CFTC. Coinbase is challenging state-level rules on prediction markets, pushing for CFTC authority. The appointment comes amid ongoing efforts in liquidity and crypto markets, as agencies balance innovation with Countering the Financing of Terrorism concerns.
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