Warren might chair Senate Banking in January. That means subpoena power and direct oversight over crypto.

This isn't just regulatory FUD anymore—it's institutional control. If she gets the seat, expect:

• Enforcement ramp-up across DeFi protocols
• Stricter KYC/AML for anything touching USD rails
• More pressure on exchanges and custody providers

Bullish or bearish? Depends on your timeline. Short-term volatility likely. Long-term, could push more capital into non-US chains and privacy tech.

Watch $BTC dominance and stablecoin flows closely. If TradFi tightens the screws, liquidity moves offshore fast.