According to Cointelegraph, before leaving office, U.S. Senator Brown warned that Trump's nominations could allow corporate interests to harm workers and consumers. He called for the protection of the Consumer Financial Protection Bureau to defend against risks such as algorithmic pricing, AI and cryptocurrencies.
Brown lost to Republican Moreno in November. Fairshake, a crypto-industry-funded political action committee, has spent more than $40 million on ads in the Senate race.
The Senate Banking Committee was scheduled to vote on whether to send SEC member Crenshaw’s nomination to the full session on December 11, but the vote was postponed. Crypto interest groups called on the Senate to oppose Crenshaw’s re-election.