Mike Selig, chairman of the Commodity Futures Trading Commission, is settling in with the revamping of a new innovation panel with many crypto names.
After holiday leadership shifts, the two U.S. markets regulators — the SEC and CFTC — are now run only by pro-crypto Republicans, with Congress still debating.
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.
The Senate's process is inching forward on a mass-confirmation that would include two nominations with major crypto implications.
Mike Selig, the nominee to be the next chairman of the Commodity Futures Trading Commission, testified at his confirmation hearing in the Senate.