The U.S. Senate could vote on President Donald Trump's nominee, Michael Selig, to chair the Commodity Futures Trading Commission (CFTC) as early as today, according to Senate Agriculture Committee Chair Glenn Thompson. This follows the committee's recent advancement of Selig's nomination along partisan lines. The Senate's calendar does not currently list the vote, but with a holiday recess approaching on December 22, the window for confirmation is limited. Selig, nominated in November after Brian Quintenz withdrew, emphasized the importance of the CFTC's role in crypto regulation during a November hearing. Acting CFTC Chair Caroline Pham, who has been the sole commissioner, is expected to leave once a new chair is confirmed. Pham has been actively promoting the Trump administration's digital asset policies, recently announcing the inclusion of major crypto executives in the CFTC's CEO Innovation Council.
Senate May Vote on Trump's CFTC Chair Nominee Today
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