According to TechFlow, on November 13, Bloomberg reported that Massachusetts Senator Elizabeth Warren is about to become the highest-ranking Democratic member of the Senate Banking Committee. As a major critic of Federal Reserve Chairman Powell, large banks and the cryptocurrency industry, she will take over Sherrod Brown, who lost his re-election campaign.

Warren said in a statement: "After the 2024 election, it is crucial for the Democratic leadership to show that we can make life more affordable for the working class and urgently take action to rebuild the middle class." Warren has previously called for increased regulation of the cryptocurrency industry and has been critical of traditional financial institutions.