The US Senate is expected to hold a final vote next week on the nominees set to lead two major regulatory bodies that closely impact crypto markets.
Another key procedural hurdle has been cleared in the long-running Senate approval process. A procedural vote for two nominees put forward by President Donald Trump has paved the way for a final confirmation, with Senate sources pointing to an early vote next week.
The motion passed on Thursday by a 52–47 margin, bringing Mike Selig closer to assuming the chair of the Commodity Futures Trading Commission and Travis Hill to formally leading the Federal Deposit Insurance Corporation. The vote is part of a broader package covering 97 Trump nominees moving through the Senate.
If confirmed, Selig is expected to play a more active role in overseeing crypto markets, while Hill’s track record suggests a more accommodating stance toward banks involved with digital assets. The upcoming final vote is seen as a pivotal moment for the future direction of crypto regulation in the United States.
