PANews|Dec 12, 2025 00:30
[The U.S. Senate Nears Final Vote on Crypto Regulatory Officials for CFTC and FDIC]
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) are set to play significant roles in regulating the U.S. cryptocurrency industry. The nominees for the chair positions of these two agencies, appointed by Trump, are currently undergoing the Senate confirmation process, which is nearing its conclusion—though the final vote may still take several days. On Thursday, the Senate passed a resolution with 52 votes in favor and 47 against, bringing Mike Selig one step closer to taking over the CFTC, while the outcome of Travis Hill's potential appointment as FDIC chair will also soon be determined. A spokesperson for Senate Majority Whip John Barrasso posted on the X platform, stating that the final vote could take place "early next week."
Senate Republicans are leaning toward an unusual approach of confirming dozens of Trump nominees in a single batch. In this vote, there are 97 confirmation items awaiting decision, with Selig and Hill being just two of them.
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