ChainCatcher News, newly elected Republican Senator from Ohio Bernie Moreno will serve on the Senate Banking Committee, which oversees the U.S. Securities and Exchange Commission (SEC) and plays a key role in shaping cryptocurrency legislation.

In 2018, Moreno founded Ownum, a company that sells technology to put car ownership on the blockchain. Before entering politics, he was a member of the blockchain policy organization The Digital Chamber. Although Moreno did not include cryptocurrency in his 16 core "policy priorities" on his campaign website, he did post multiple statements in support of the industry on X and publicly opposed a harsh regulatory environment during the months leading up to the election.