The U.S. Senate is close to a final vote on crypto regulatory officials for the CFTC and FDIC

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) will both impose significant regulations on the U.S. cryptocurrency industry.

The nominees for the chairs of these two agencies, nominated by Trump, are currently undergoing the Senate confirmation process, which is nearing its end—however, the Senate may still take several days to hold the final vote. On Thursday, the Senate passed a resolution with a vote of 52 in favor and 47 against, bringing Mike Selig one step closer to taking over the CFTC, while a decision on whether Travis Hill will become the FDIC chair is also expected soon.

A spokesperson for Senate Majority Whip John Barrasso posted on the X platform that the final vote may take place "early next week." Senate Republicans are inclined to adopt an unusual approach of confirming dozens of Trump's nominees at once. In this vote, there are a total of 97 confirmation matters awaiting a vote, with Selig and Hill being just two of them.