[Confirmation Process Advances for Trump-Nominated CFTC and FDIC Chair Candidates] The U.S. Senate is advancing confirmation votes for two financial regulatory officials nominated by President Trump. Mike Selig has been nominated as Chairman of the Commodity Futures Trading Commission (CFTC), and Travis Hill has been nominated as Chairman of the Federal Deposit Insurance Corporation (FDIC). If appointed, Selig will become the sole commissioner of the CFTC and lead cryptocurrency regulatory legislation and enforcement; Hill advocates for lifting restrictions imposed by the previous administration on banks engaging in cryptocurrency activities and focuses on the issue of 'de-banking.'