US SENATE APPROVES LEADERS SUPPORTING CRYPTO

🔸 The US Senate has approved two key regulatory positions with a significant impact on the crypto sector.

🔸 Mike Selig will lead the Commodity Futures Trading Commission (CFTC), an agency that will play a larger role in regulating the crypto market.

🔸 Travis Hill will head the Federal Deposit Insurance Corporation (FDIC), an agency that directly influences how banks and stablecoin institutions work with crypto.

🔸 These decisions were passed with a vote of 53 in favor and 43 against.