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Trump's Nominees for CFTC and FDIC Chairs Advance Confirmation, Potentially Reshaping Crypto Regulatory Landscape
Summary: According to CoinDesk, the U.S. Senate is moving forward with confirmation votes for two key financial regulatory officials nominated by President Trump, with Mike Selig set to become CFTC Chair and Travis Hill to officially take on the role of FDIC Chair. Both are seen as crypto-friendly and will play crucial roles in U.S. crypto ...
According to CoinDesk, the U.S. Senate is moving forward with confirmation votes for two key financial regulatory officials nominated by President Trump, with Mike Selig set to become CFTC Chair and Travis Hill to officially take on the role of FDIC Chair.
Both are seen as crypto-friendly and will play crucial roles in U.S. crypto market regulation. Selig, once in office, will be the sole commissioner at the CFTC and lead the enforcement of crypto regulatory legislation; Hill, on the other hand, emphasizes lifting previous government restrictions on banks engaging in crypto activities and addressing issues related to 'debanking'.
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Link: Trump's Nominees for CFTC and FDIC Chairs Advance Confirmation, Potentially Reshaping Crypto Regulatory Landscape [Copy]
