The US Senate has confirmed Mike Selig as chairman of the Commodity Futures Trading Commission and Travis Hill as chairman of the Federal Deposit Insurance Corporation in a single package vote.
Lawmakers approved the confirmations by a 53–43 margin as part of a broader resolution covering dozens of federal nominees.
The appointments mark a significant milestone for President Donald Trump as his second administration secures permanent leadership at major financial watchdogs.
The CFTC is expected to play a growing role in overseeing US cryptocurrency markets, particularly if Congress expands its authority over spot crypto trading.
Selig will replace Acting Chair Caroline Pham, who has overseen a series of crypto-friendly initiatives while awaiting a permanent successor.
Pham has indicated she will step down once Selig is sworn in, leaving him initially as the sole member of the five-seat CFTC commission.
This unusual situation could allow faster policy decisions but may raise questions about governance and legal robustness.