In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto.
The banking regulator began its formal rulemaking process to set up the procedures by which depository institutions can start stablecoin subsidiaries.
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.
The Senate Banking Committee voted along party lines to send FDIC Acting Chair Travis Hill's nomination to the wider Senate for a final vote on taking the permanent job.
Travis Hill has already been leading the FDIC, but President Donald Trump's nomination puts him up for the banking regulator's chairmanship.
The U.S. banking agency withdrew policies that contributed to crypt industry accusations that it pressured institutions to "debank" digital assets customers.