U.S. Senate confirms Michael Selig to lead CFTC and Travis Hill to chair FDIC in 53-43 vote

On December 19, 2025, the U.S. Senate confirmed Michael Selig as Chair of the Commodity Futures Trading Commission, replacing Acting Chair Caroline Pham, and approved Travis Hill as Chair of the Federal Deposit Insurance Corp. The chamber backed a broader slate of nominees in a 53-43 vote, placing Selig at the center of the CFTC's ongoing crypto rulemaking and allowing Hill to extend his existing digital-asset regulatory approach at the FDIC.