The US Senate is close to a final vote on CFTC and FDIC crypto regulatory officials

Jinse Finance reported that the U.S. Senate has taken a key step in confirming the nominations for the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) chairmanships. Trump-nominated CFTC Chairman Mike Selig and FDIC Chairman Travis Hill have passed a procedural vote of 52-47, paving the way for final confirmation. According to the Senate Majority spokesperson, the final vote may take place early next week. Selig, who previously handled crypto affairs at the SEC, will succeed interim chair Caroline Pham, and the CFTC is expected to play a central role in U.S. crypto regulation. Hill, currently serving as the FDIC's interim head, will have his position formally established upon confirmation and will continue to promote crypto-friendly banking policies.