The U.S. Senate is moving towards confirming two key financial regulatory appointments proposed by former President Donald Trump. Mike Selig is poised to become Chairman of the Commodity Futures Trading Commission (CFTC), while Travis Hill is expected to formally assume the role of Chairman of the Federal Deposit Insurance Corporation (FDIC). Both nominees are considered crypto-friendly and their confirmations are anticipated to shape the future regulation of the U.S. cryptocurrency market. Upon taking office, Selig will lead the implementation of new crypto regulations as the sole commissioner of the CFTC. Hill, meanwhile, has advocated for easing restrictions on bank involvement in crypto activities and addressing ‘de-banking’ concerns.