Progress in confirming Trump’s nominations for CFTC and FDIC chairs could transform crypto regulation

The US Senate is moving forward with the confirmation of two critical regulatory nominees put forth by President Trump.

Mike Selig is nominated as Chairman of the CFTC, while Travis Hill is set to lead the FDIC, with a focus on bank regulations related to crypto.

The confirmations may lead to significant changes in the landscape of crypto regulation in the US.