The U.S. Senate Banking Committee advances the confirmation process for FDIC Acting Chairman Travis Hill.

PANews, November 20, news from CoinDesk reported that the U.S. Senate Banking Committee on Wednesday advanced the confirmation process for Federal Deposit Insurance Corporation (FDIC) Acting Chairman Travis Hill, paving the way for a final vote in the full Senate. If the vote passes, Hill is expected to become the permanent head of this banking regulatory agency, which continues to play a role in regulating Crypto Assets. At an executive meeting of the committee, senators voted along party lines with 13 in favor and 11 against, deciding to report Hill's nomination to the Senate “positively.” On Wednesday, Senate Banking Committee Chairman Tim Scott stated that Hill, who previously worked for the committee, is “fully qualified for this important position.” However, senior Democrat on the committee, Senator Elizabeth Warren, criticized Hill for failing to provide relevant information about the agency's internal efforts to address the scandal caused by previous leadership's workplace behavior and culture.