Leading Crypto Critic Elizabeth Warren Expected to Become Chair of the U.S.
Senate Banking Committee in January Next Year, with Focus Likely on Cryptocurrency Regulation According to The Wall Street Journal, Democratic Senator Elizabeth Warren, a longtime advocate for stronger regulation of the crypto industry, is expected to become chair of the U.S
Senate Banking Committee in January next year, gaining broader oversight of the financial industry and subpoena powers. The report noted that her early priorities may include investigating alleged insider trading in prediction markets, reviewing consumer protection practices of cryptocurrency firms, and examining alleged conflicts of interest involving Trump and his family members. Warren’s appointment as chair has not yet been finalized, but most Senate observers believe the likelihood of a competing candidate is low. — link