00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. Senate confirmed Mike Selig as chair of the Commodity Futures Trading Commission
00:06and Travis Hill as chair of the Federal Deposit Insurance Corp. on Thursday,
00:11according to Benzinga. The confirmations elevate two Trump nominees expected to shape crypto
00:16oversight. Selig is expected to serve as a central crypto watchdog as the CFTC moves
00:21toward a larger role in regulating U.S. crypto activity if Congress grants it clearer authority.
00:26Hill, who has taken a crypto-friendly stance, will oversee stablecoin issuers and crypto-related
00:32banking activity. Both appointments arrive as lawmakers seek clearer federal rules for digital
00:37assets and as agencies prepare for expanded roles in supervising U.S. crypto markets.
00:42For all things money, visit Benzinga.com.
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