U.S. Senator Elizabeth Warren defeated pro-cryptocurrency Republican candidate John Deaton in the Senate race, winning the race in Massachusetts on Tuesday evening.
This will be Warren's fourth term in the U.S. Senate. She is a member of the Senate Finance Committee and the Senate Banking Committee. The latter has jurisdiction over the U.S. SEC and CFTC. Warren has been critical of the cryptocurrency industry and supports an anti-money laundering bill that would extend the requirements of the Bank Secrecy Act (including KYC rules) to miners, validators, and wallet providers. (The Block)