• The Senate is moving quickly toward confirming Mike Selig to lead the CFTC.
• Travis Hill is also nearing confirmation as FDIC chairman.
• Trump’s personal crypto empire faces heavy losses.

The U.S. Senate accelerated a sweeping overhaul of the federal financial regulatory apparatus Tuesday, invoking cloture on a resolution to confirm nearly 80 administration nominees. The maneuver, orchestrated by Majority Leader John Thune, clears the runway for Mike Selig and Travis Hill to assume permanent command of the Commodity Futures Trading Commission (CFTC) and Federal Deposit Insurance Corporation (FDIC), respectively.

Meanwhile, the CFTC could claim the authority over crypto, since pending market structure plans in Congress would formally expand its remit. 

It is important to note that Senate Majority Leader John Thune started a process called cloture on Tuesday where…

Read The Full Article Senate Set to Confirm Trump’s CFTC and FDIC Picks; ‘CLARITY Act’ to Redefine Crypto Oversight On Coin Edition.

• The Senate is moving quickly toward confirming Mike Selig to lead the CFTC.
• Travis Hill is also nearing confirmation as FDIC chairman.
• Trump’s personal crypto empire faces heavy losses.

The U.S. Senate accelerated a sweeping overhaul of the federal financial regulatory apparatus Tuesday, invoking cloture on a resolution to confirm nearly 80 administration nominees. The maneuver, orchestrated by Majority Leader John Thune, clears the runway for Mike Selig and Travis Hill to assume permanent command of the Commodity Futures Trading Commission (CFTC) and Federal Deposit Insurance Corporation (FDIC), respectively.

Meanwhile, the CFTC could claim the authority over crypto, since pending market structure plans in Congress would formally expand its remit. 

It is important to note that Senate Majority Leader John Thune started a process called cloture on Tuesday where…

Read The Full Article Senate Set to Confirm Trump’s CFTC and FDIC Picks; ‘CLARITY Act’ to Redefine Crypto Oversight On Coin Edition.