Two Trump Appointees Confirmed to Take Over Core Crypto Regulators CFTC, FDIC

The U.S. Senate confirmed Mike Selig to chair the Commodity Futures Trading Commission (CFTC) and Travis Hill to chair the Federal Deposit Insurance Corp. (FDIC) in a package vote. Both appointees are considered crypto-friendly and are expected to significantly influence cryptocurrency regulation. Selig, coming from the SEC, will take over the CFTC as it awaits potential new legislative authority over spot crypto markets. His arrival will temporarily leave him as the sole member of the five-member commission. Hill, already serving as acting chairman at the FDIC, has adopted a posture supportive of crypto businesses, reversing prior administration policies that restricted banks from engaging with the industry. These confirmations fill major vacancies in Trump's second administration's oversight of digital assets.

(Source：CoinDesk)