The Senate is progressing on the confirmation of President Trump's nominees for the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC). Mike Selig at the CFTC and Travis Hill at the FDIC are both expected to play crucial roles in overseeing the U.S. crypto markets.
Senate Majority Leader John Thune has initiated cloture proceedings to streamline the confirmation votes for over 80 federal positions, which could occur as early as Thursday.
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