PANews reported on December 4th, citing CoinDesk, that the US Senate is proceeding with the confirmation vote for two key financial regulatory officials nominated by President Trump. Mike Selig will become Chairman of the CFTC, and Travis Hill will officially assume the role of Chairman of the FDIC. Both are considered crypto enthusiasts and will play important roles in the regulation of the US crypto market. If appointed, Selig will become the sole commissioner of the CFTC and lead the implementation of crypto regulatory legislation; Hill, on the other hand, emphasizes lifting previous government restrictions on banks engaging in crypto business and addressing the issue of "de-banking."PANews reported on December 4th, citing CoinDesk, that the US Senate is proceeding with the confirmation vote for two key financial regulatory officials nominated by President Trump. Mike Selig will become Chairman of the CFTC, and Travis Hill will officially assume the role of Chairman of the FDIC. Both are considered crypto enthusiasts and will play important roles in the regulation of the US crypto market. If appointed, Selig will become the sole commissioner of the CFTC and lead the implementation of crypto regulatory legislation; Hill, on the other hand, emphasizes lifting previous government restrictions on banks engaging in crypto business and addressing the issue of "de-banking."
The confirmation process for Trump's nominees to chair the CFTC and FDIC is progressing, potentially reshaping the landscape of crypto regulation.
PANews reported on December 4th, citing CoinDesk, that the US Senate is proceeding with the confirmation vote for two key financial regulatory officials nominated by President Trump. Mike Selig will become Chairman of the CFTC, and Travis Hill will officially assume the role of Chairman of the FDIC. Both are considered crypto enthusiasts and will play important roles in the regulation of the US crypto market. If appointed, Selig will become the sole commissioner of the CFTC and lead the implementation of crypto regulatory legislation; Hill, on the other hand, emphasizes lifting previous government restrictions on banks engaging in crypto business and addressing the issue of "de-banking."
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