Senate confirms Trump crypto-friendly nominees to take over CFTC, FDIC

In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto. What to know : The U.S. Senate moved to confirm a massive package of President Donald Trump's nominees on Thursday, including two officials with important regulator roles over the crypto sector. The chamber approved the confirmations of Mike Selig to run the Commodity Futures Trading Commission and Travis Hill to lead the Federal Deposit Insurance Corp. Selig will have a leading role as a crypto watchdog, replacing Acting Chairman Caroline Pham, who has been pushing an aggressive crypto policy agenda in the absence of a permanent agency chief.