Wu said that according to unchained, the newly elected Republican senator from Ohio, Bernie Moreno, will serve on the Senate Banking Committee, which is responsible for overseeing the U.S. Securities and Exchange Commission (SEC) and plays a key role in shaping cryptocurrency legislation. In 2018, Moreno founded Ownum, a company focused on using blockchain technology to manage vehicle title certificates. Before entering politics, he was a member of the blockchain policy organization The Digital Chamber. Although Moreno did not list cryptocurrency among his 16 core policy priorities on his campaign website, he did post multiple statements supporting the crypto industry on X and publicly opposed a harsh regulatory environment during his campaign.