Crypto’s Toughest Critic Elizabeth Warren Set to Run Senate Banking

Sen. Elizabeth Warren is expected to chair the Senate Banking Committee after Democrats took both chambers of Congress, putting crypto’s loudest Capitol Hill critic in charge of the panel that writes its rules. The Wall Street Journal reported recently that the Massachusetts Democrat is about to take control of the committee, “giving her the kind of expansive authority over the financial industry she has long sought.” The committee oversees the Federal Reserve, banks, securities markets and, increasingly, digital assets. Every major crypto bill that has moved through the Senate, from stablecoin rules to market structure, has had to clear it first. The shift follows a Democratic sweep on Nov. 3 handed the party the House and the Senate.

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