Trump’s CFTC and FDIC Chair Nominees Advance Toward Confirmation, Potentially Reshaping Crypto Regulatory Landscape

Mars Finance reports, citing CoinDesk, that the U.S. Senate is advancing confirmation votes for two key financial regulatory officials nominated by President Trump: Mike Selig will serve as CFTC Chairman, and Travis Hill will officially become FDIC Chairman. Both are considered crypto-friendly and will play important roles in U.S. crypto market regulation. Once in office, Selig will be the sole CFTC commissioner and will lead the execution of crypto regulatory legislation; Hill has emphasized lifting previous administration restrictions on banks engaging in crypto business and addressing the issue of “de-banking.”