U.S. Senate Nears Final Vote on Key Regulatory Appointments

According to PANews, the U.S. Senate is approaching the final stages of confirming key appointments for the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC), both of which are expected to play significant roles in regulating the U.S. cryptocurrency industry. The nominees, appointed by U.S. President Donald Trump, are undergoing the Senate confirmation process, which is nearing completion. However, the final vote may still take several days. On Thursday, the Senate passed a resolution with a 52-47 vote, bringing Mike Selig closer to taking over the CFTC, while the decision on Travis Hill's potential appointment as FDIC chairman is also imminent. A spokesperson for Senate Majority Whip John Barrasso posted on the X platform, indicating that the final vote could occur "early next week." Senate Republicans are considering an unusual approach by confirming dozens of Trump's nominees in a single session. Among the 97 confirmation items awaiting a vote, Selig and Hill are just two of the candidates.