Odaily Planet Daily reported that the US Senate confirmed Milan as a member of the Federal Reserve Board on Monday, with a vote of 48 to 47. Milan will serve until January 31, 2026, replacing Adriana Kugler, who resigned in August. He previously served as a senior strategist at Hudson Bay, participated in the FTX bankruptcy claims trading, and advocated for simplified crypto regulation. Multiple media outlets reported that the appointment was accelerated to ensure he could be in place before the FOMC meeting next Tuesday.