The U.S. Senate is close to holding a final vote on the nominees for chairman of the CFTC and FDIC.

The Senate confirmation process for President Trump's nominees to chair the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) is nearing completion—though a final vote may still be several days away. On Thursday, the Senate passed a resolution by a vote of 52 to 47, bringing Mike Selig one step closer to taking over the CFTC, while Travis Hill's appointment as FDIC chairman will soon be decided. A spokesperson for Senate Majority Whip John Barrasso posted on the X platform that the final vote could take place "early next week." Senate Republicans tend to adopt an unusual approach, confirming dozens of Trump's nominees at once. In this vote, 97 confirmations were pending, with Selig and Hill being just two of them. (CoinDesk)