US Senate confirms pro-crypto Selig to lead CFTC, Hill to head FDIC

Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has been speaking out against crypto debanking.

The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the Federal Deposit Insurance Corp.

The two confirmations were included in a package of nearly 100 other nominees that the Trump administration had selected for various roles across the government, which passed the Senate in a 53-43 vote on Thursday.

Selig, who has previous experience at the CFTC and the Securities and Exchange Commission, pledged to make crypto a priority when he was nominated in October after he was picked to take over from the previous nominee, Brian Quintenz.

Read more