The full Senate could vote on Michael Selig’s nomination as chair of the Commodity Futures Trading Commission as early as this afternoon. Selig was nominated by Trump in November after Brian Quintenz withdrew. Selig emphasized the importance of regulating crypto during his nomination hearing. The Senate is expected to confirm the new chair before the holiday break on Dec. 22.

Acting CFTC Chair Caroline Pham plans to withdraw outdated guidance on digital assets, aiming to support the crypto industry and innovation. Pham has been advocating for policies that favor the industry and bringing executives in closer. The CFTC’s CEO Innovation Council will now include heads of Kraken, Gemini, Bitnomial, Crypto.com, Polymarket, and Kalshi.

Read more at cointelegraph.com: Vote on Trump’s CFTC Chair Pick Could Happen Today