Elizabeth Warren could reopen crypto’s banking fight without changing a single law

Crypto companies spent years chasing federal legitimacy, but Elizabeth Warren’s potential rise to Senate Banking chair could make those hard-won approvals a new source of scrutiny.

Elizabeth Warren's next confrontation with crypto could put companies and regulators under serious pressure without changing a single law.

With Democrats taking control of the Senate, she's expected to chair the Senate Banking Committee in January, giving her more say over which hearings it holds and what it investigates.

She's already asked for crypto companies' bank applications, records of trading safeguards, and explanations of government decisions involving the president's family. Executives and officials could soon have to defend those decisions in public, and regulators could take action if the evidence warrants it.