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.
Before his appointment, Selig worked on digital asset policy while serving as an official at the Securities and Exchange Commission.