Trump Crypto Picks Confirmed

Benzinga

The Senate confirmed Mike Selig as CFTC chair and Travis Hill as FDIC chair, positioning both to play key roles in shaping U.S. crypto and stablecoin oversight.

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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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