Senate Advances Crypto Regulator Nominations Amid Tight December Schedule
Congressional panels have made progress by advancing nominations for crypto regulators, although full Senate confirmations remain pending.
A Senate resolution would allow the chamber to confirm nearly 100 nominees at once, including CFTC Chair nominee Mike Selig and FDIC Chair nominee Travis Hill, with a vote expected next week.
Time is limited as December has only two final working weeks left in both chambers.
Market structure legislation is unlikely to become law before 2026, and it remains unclear whether the draft will be brought to a markup hearing before January.
The Senate Banking Committee has targeted December 18 for a markup on its version of the market structure bill, while the Senate Agriculture Committee has not publicly commented on its draft for several weeks.
The Senate is making more visible progress on advancing President Donald Trump's nominees to lead the CFTC and FDIC, specifically Mike Selig and Travis Hill.
