⚖️ Warren to lead Senate Banking Committee — pressure on crypto will intensify
Elizabeth Warren, one of Congress’s leading critics of the crypto industry, will become chair of the Senate Banking Committee in January. This will give her control over the agenda for hearings and investigations—without the need to change legislation.
The tools for applying pressure are already in place: requests for information from crypto companies, subpoenas for regulators to appear at hearings, and public investigations. All of this could create serious problems for exchanges and banks that work with crypto, even without passing new laws.
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Elizabeth Warren, one of Congress’s leading critics of the crypto industry, will become chair of the Senate Banking Committee in January. This will give her control over the agenda for hearings and investigations—without the need to change legislation.
The tools for applying pressure are already in place: requests for information from crypto companies, subpoenas for regulators to appear at hearings, and public investigations. All of this could create serious problems for exchanges and banks that work with crypto, even without passing new laws.
$BTC
$ETH
$USDC
