Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail U.S. Senate Rolls Toward Last Vote on Confirm Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail U.S. Senate Rolls Toward Last Vote on Confirm

U.S. Senate Rolls Toward Last Vote on Confirming Crypto Regulators at CFTC, FDIC

2025/12/12 03:23
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

U.S. Senate Rolls Toward Last Vote on Confirming Crypto Regulators at CFTC, FDIC

In the prolonged process of the Senate, two key officials have faced a series of procedural steps on their way to a final vote, possibly early next week.

By Jesse Hamilton|Edited by Nikhilesh De
Dec 11, 2025, 7:23 p.m.
A procedural vote moves CFTC and FDIC nominees closer toward confirmation. (U.S. Senate)

What to know:

  • The Senate made another positive move toward an eventual confirmation vote on two top U.S. crypto regulators poised to fill the chair roles at the Commodity Futures Trading Commission and the Federal Deposit Insurance Corp.
  • A Senate staffer predicts a final vote next week on confirming 97 nominees of President Donald Trump, including Mike Selig for the CFTC and Travis Hill for the FDIC.

Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump's nominees to be their chairman have been crawling through a Senate confirmation process that's close to its end — though the Senate likely remains days away from actually holding the final vote.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up

After a Thursday approval 52-47 of the resolution that sets up the final vote, Mike Selig is one step away from taking over the CFTC, and Travis Hill's ascent to chairman at the FDIC will also soon be decided. A spokeswoman for Senate Majority Whip John Barrasso posted on social media site X that the final vote is likely "early next week."

The Republicans in the Senate have leaned into an unusual approach of confirming dozens of Trump's nominees at a time. In this case, there are 97 confirmation questions being voted on, with Selig and Hill just two among them.

Selig, a senior official working on crypto matters at the Securities and Exchange Commission, would replace Acting Chairman Caroline Pham, who has been leading the CFTC through a number of pro-crypto policy initiatives. The CFTC is expected to take a leading role on crypto oversight in the U.S., especially if Congress eventually passes a market structure bill that cements the agency's authority.

Even before any legislation makes its way through the Senate, the CFTC has gone on an aggressive blitz, forming a CEO council to weigh in on policy issues, allowing Bitcoin BTC$90,193.08, Ether ETH$3,202.29 and USDC (among other payment stablecoins) to be used as collateral and allowing registered firms provide spot crypto trading services.

Hill has already been leading the FDIC as an interim chief, so his confirmation would make that role official for him. He's also pursued an agenda that favors friendly crypto banking policies.

Read More: Trump's CFTC Pick, Mike Selig, Clears Hurdle on Way Toward Confirmation Vote

U.S. SenateU.S. Federal Deposit Insurance Corp.U.S. Commodity Futures Trading CommissionMike selig

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Save the Children Introduces Bitcoin Fund to Streamline Crisis Response

New fund enables Save the Children to hold bitcoin, pilot digital wallets, and speed up emergency aid delivery.

What to know:

  • Save the Children has launched a Bitcoin Fund to hold cryptocurrency donations for up to four years, allowing donors more control over conversion timing.
  • The fund aims to enhance the speed and efficiency of aid delivery by utilizing blockchain technology and piloting new forms of direct assistance.
  • This initiative reflects a growing interest in decentralized finance to reduce costs and increase transparency in humanitarian aid.
Read full story
Latest Crypto News

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana

Binance Overhauls Stablecoin Trading with Trump-Linked USD1

El Salvador Partners with Elon Musk’s Grok in AI-Powered Education for 1M Students

Crypto Investment Firm Blockstream to Acquire TradFi Hedge Fund Corbiere Capital

Robinhood Stock Slides 8% After Big Decline in November Trading Volumes

Aptos Slumps 7% as Token Unlock Weighs on Sentiment

Top Stories

Binance Overhauls Stablecoin Trading with Trump-Linked USD1

Bitcoin Stumbles Back Below $90K as Dollar Sinks to 7-Week Low After Fed Rate Cut

Crypto Investment Firm Blockstream to Acquire TradFi Hedge Fund Corbiere Capital

Fifth XRP Spot ETF on the Way After CBOE Approval of 21Shares Application

Robinhood Stock Slides 8% After Big Decline in November Trading Volumes

Crypto Trading Volumes Deteriorated Across Board Last Month as Market Slumped: JPMorgan

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Luxembourg adds Bitcoin to its wealth fund, but what does that mean for Europe?

Luxembourg adds Bitcoin to its wealth fund, but what does that mean for Europe?

The post Luxembourg adds Bitcoin to its wealth fund, but what does that mean for Europe? appeared on BitcoinEthereumNews.com. Key Takeaways Why does Luxembourg’s move matter? It’s the first Eurozone nation to include Bitcoin in a sovereign wealth fund. How does it fit into Europe’s bigger picture? The UK is opening crypto ETNs to retail investors, and the EU’s ESMA is expanding its oversight. Luxembourg has become the first Eurozone country to invest part of its sovereign wealth fund in Bitcoin. During the presentation of the 2026 Budget at the Chambre des Deputes, Finance Minister Gilles Roth confirmed that the Fonds Souverain Intergenerationnel du Luxembourg (FSIL) — the nation’s sovereign wealth fund — has allocated 1% of its portfolio to Bitcoin. Luxembourg’s Bitcoin play According to Bob Kieffer, Director of the Treasury, the decision reflects “the growing maturity of this new asset class” and “leadership in digital finance.” Under the FSIL’s revised investment policy, up to 15% of total assets can now be placed in alternative investments. This includes investments in private equity, real estate, and crypto assets. The Bitcoin exposure, roughly €8.5 million [around $9 million USD], is being made through ETFs to avoid custody and operational risks. Kieffer also acknowledged differing opinions about the move. He said,  “Some might argue that we’re committing too little too late; others will point out the volatility and speculative nature of the investment. Yet, given the FSIL’s mission, a 1% allocation strikes the right balance while sending a clear message about Bitcoin’s long-term potential.” A cautious, but symbolic shift The FSIL, created in 2014 to preserve wealth across generations, now manages roughly €850 million. The announcement also comes on the back of Luxembourg tightening its digital asset regulatory framework, while preparing to implement DAC8. This new move will expand tax and reporting standards for crypto service providers in 2026. If Bitcoin continues to gain acceptance among sovereign investors, Luxembourg’s decision could…
Paylaş
BitcoinEthereumNews2025/10/10 02:02
XRP Fractal Signals $6–$7 Surge by November Amid DLT Disruption

XRP Fractal Signals $6–$7 Surge by November Amid DLT Disruption

The post XRP Fractal Signals $6–$7 Surge by November Amid DLT Disruption appeared on BitcoinEthereumNews.com. XRP Fractal Analysis Hints at $6–$7 Breakout by Mid-November According to renowned market analyst EGRAG CRYPTO, XRP may be on the verge of a significant price movement. In his latest analysis, he points to a fractal formation pattern that suggests XRP could reach the $6–$7 range by mid-November.  Source: EGRAG CRYPTO This projection has quickly caught the attention of traders and long-term investors, as XRP’s current price remains well below this target. Fractals, often used in technical analysis, are recurring chart patterns that can help predict future price action by identifying historical similarities in market behavior.  Therefore, EGRAG CRYPTO argues that XRP is currently mirroring a previous structure that led to a notable rally. If this fractal setup plays out as expected, it could mark one of the most significant price surges for the digital asset in recent years. If XRP reaches $6–$7 by mid-November, it would mark a major win for investors and a symbolic breakthrough for a token that has endured regulatory battles and market volatility, validating its resilience and cementing its relevance in the evolving digital finance ecosystem. Meanwhile, a recent cup-and-handle pattern signalled that XRP had the potential of soaring to $15 by year-end with the altcoin presently trading at $3.04 per CoinGecko data.  DLT-Based Solutions: How Ripple and Stellar are Redefining Cross-Border Banking According to crypto observer SMQKE, distributed ledger technology (DLT)-based solutions are increasingly challenging the traditional correspondent banking model.  For decades, cross-border payments have relied on a chain of intermediaries, often resulting in slow settlements, high costs, and limited transparency. But with the rise of blockchain networks such as Ripple and Stellar, the industry is experiencing a seismic shift. The correspondent banking model depends on trust and pre-funded accounts, locking up liquidity and exposing banks to counterparty risk.  Transactions often take days to…
Paylaş
BitcoinEthereumNews2025/09/19 16:12