Big news out of Washington today đđșđž
The U.S. Senate just confirmed new leadership at two major financial regulators in a 53â43 vote, and it could actually matter for crypto this time.
âą Mike Selig is now confirmed as CFTC Chair heâs widely seen as pro-crypto and open to clearer rules instead of constant enforcement.
âą Travis Hill has been elevated to FDIC Chair heâs been outspoken against crypto debanking and supports fair access to banking for crypto companies.
This was all confirmed in an en-bloc vote under S. Res. 532, according to the Senate Cloakroom.
Why people in crypto care: Clearer rules, better banking access and maybe finally less regulatory whiplash.
Itâs not a guarantee of smooth sailing but itâs a step in a direction the industryâs been asking for.
Letâs see how it plays out. đ