Just in from Washington, the U.S. Senate has confirmed Mike Selig as the new Chair of the Commodity Futures Trading Commission, passing the vote 53–43. This is a meaningful development for the crypto space.

• Selig, a lawyer known for his pro-innovation and crypto-friendly views, will serve as CFTC Chair through 2029

• His confirmation suggests a more open approach toward digital asset markets, especially derivatives and futures

• At the same time, Travis Hill has been elevated to Chair of the FDIC, adding to the broader regulatory reshuffle