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Confirmation Hearings for Trump’s Cabinet Picks Begin in Senate
As President Biden's term ends, the Senate is confirming President-elect Trump's Cabinet nominees.
- Pete Hegseth is expected to be confirmed as Defense Secretary despite scrutiny from Democrats regarding his character.
- Confirmation hearings for attorney general (Pam Bondi), CIA director (John Ratcliffe), and OMB director (Russ Vought) are ongoing.
- SEC chair nominee Paul Atkins has Republican backing, but his hearing date is not yet set. Trump is expected to name an acting chair soon.
- Outgoing SEC Chair Gary Gensler acknowledged compliance efforts in traditional and crypto markets during his final address.
- CFTC Chair Rostin Behnam will step down; interim leadership may come from Caroline Pham or Summer Mersinger.
- External candidates for CFTC Chair include former officials Brian Quintenz, Josh Sterling, and Neal Kumar.
- House Majority Whip Tom Emmer has been appointed vice chair of the digital assets subcommittee and advocates for lenient crypto regulations.