A bipartisan slate of nominees is breaking the long-standing deadlock in digital asset rulemaking at the highest levels of federal regulation.
The White House has formally submitted its list of new commissioner nominees to the Senate, while also filling two vacant seats each at the Commodity Futures Trading Commission and the Securities and Exchange Commission.
The slate is evenly split between the two parties, and the Senate Banking Committee quickly scheduled confirmation hearings to begin on November 19.
Filling these long-vacant statutory seats will not only restore a lawful voting quorum to agencies that had been operating with just one member, but also provide a basis for advancing market structure rules that have been on hold.
The White House has formally submitted its list of new commissioner nominees to the Senate, while also filling two vacant seats each at the Commodity Futures Trading Commission and the Securities and Exchange Commission.
The slate is evenly split between the two parties, and the Senate Banking Committee quickly scheduled confirmation hearings to begin on November 19.
Filling these long-vacant statutory seats will not only restore a lawful voting quorum to agencies that had been operating with just one member, but also provide a basis for advancing market structure rules that have been on hold.