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US Senate confirms new CFTC chair

The Senate confirmed Rostin Behnam as the next chairman of the Commodity Futures Trading Commission amid a flurry of late evening confirmations on December 15. Behnam has served as the acting chair since the beginning of the Biden administration in January, prior to which he had been a commissioner since 2017. In the role, Behnam will succeed Heath Tarbert, who many viewed as an ally to the crypto industry.  At his confirmation hearing before the Senate Agriculture Committee in October, …