US Senate to vote on CFTC, FDIC chairs next week

The U.S. Senate is scheduled to hold confirmation votes early next week for the chairs of the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC), CoinDesk reported. If confirmed, CFTC nominee Michael Selig and acting FDIC Chair Travis Hill will be officially appointed to lead their respective agencies. The outlet noted that both the CFTC and FDIC are key regulatory bodies with significant influence over the U.S. cryptocurrency sector.