Vote on Trump’s CFTC chair pick could come today, US senator says
A Senate vote on Michael Selig's CFTC chair nomination may occur today, potentially leading to the departure of acting Chair Caroline Pham.Summary
Senators may vote on Michael Selig’s nomination to lead the Commodity Futures Trading Commission (CFTC) as early as Thursday, according to the top Republican on the Senate Agriculture Committee. The vote follows the committee’s partisan advancement of Selig’s nomination earlier this month. If confirmed, Selig is expected to replace acting Chair Caroline Pham, who has been the sole commissioner for months. Selig has emphasized the importance of crypto regulation and enforcement, stating the CFTC needs a “cop on the beat” in this area. Pham, despite her impending departure, continues to advocate for policies favorable to the digital asset industry and has recently added executives from major crypto firms to the CFTC’s CEO Innovation Council. The Senate is scheduled to break for the holidays on December 22nd, creating a limited timeframe for confirmation.
(Source：Cointelegraph)