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This Week In Crypto
18 Dec 2025

Coinbase’s push from crypto exchange to everything exchange

The U.S. Senate votes in favour of Selig as CFTC chair. The Federal Reserve withdraws policies that discouraged banks from engaging in novel crypto activities. In trending topics, we look at Coinbase’s expansion into equities and prediction markets.
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The Senate Confirms Selig as CFTC Chair
The U.S. Senate voted 53 to 43 to confirm Michael Selig as chair of the Commodity Futures Trading Commission, positioning him to lead the agency as Congress considers legislation that would expand its authority over cryptocurrency markets. A former SEC crypto task force counsel and crypto-focused law firm partner, Selig emphasized the need for clearer rules that protect consumers while supporting innovation, as the CFTC takes on a more central role despite having far fewer staff than the SEC. Industry leaders and lawmakers welcomed his confirmation, expecting greater regulatory clarity for digital assets.
Federal Reserve withdraws restrictive policies
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