The cryptocurrency industry is preparing for congressional investigations as Democrats take control of the House and Senate. The industry sees little chance of advancing major crypto legislation during the crowded lame-duck session or the next Congress. Senator Elizabeth Warren is widely expected to chair the Senate Banking Committee, while Representative Maxine Waters faces a contest for the House Financial Services chair. Chris Niebuhr of Beacon Policy Advisors expects scrutiny of crypto companies, particularly companies connected to the Trump administration. Industry representatives still see possibilities for smaller legislative gains over the next two years, including tax measures.