The US Senate has confirmed Mike Selig as the new Chair of the Commodity Futures Trading Commission (CFTC) in a 53-43 vote. Selig, known for his pro-crypto stance, replaces Brian Quintenz and has pledged to prioritize cryptocurrency regulation. This move is seen as a significant step towards more crypto-friendly policies in the US. In other news, a user lost $50 million in USDT due to a copy-paste error, sending funds to a scam address in a classic address poisoning attack. This incident marks one of the largest on-chain losses this year. Meanwhile, the UK's Financial Conduct Authority (FCA) has launched a consultation on comprehensive crypto regulations, aiming for implementation by October 2027.