The cryptocurrency industry spent more than 40 million US dollars to get Congressman Sherrod Brown out of office, but the result was a bit ridiculous.
Originally, everyone thought that things would be easier once Brown left, but it turned out that Congressman Elizabeth Warren might take over from him. Warren, like Brown, is a "mortal enemy" of digital currency and is particularly strict with the financial sector.
If Warren really takes office, many people say that the cryptocurrency industry will continue to be punished, and it may be even more stringent than before. After all, she is a well-known strict regulator who always says that cryptocurrency is a big risk to consumers and the US financial system.
However, some people think that things are not that simple. I heard that there is another congressman named Tim Scott who supports cryptocurrency. If he also gets involved, Warren's influence may be diluted. But Warren is still a good person after all, and she will definitely keep a close eye on the legislative discussion on cryptocurrency.
There is a reporter named Eleanor Tretter. She thinks this is quite ironic. After spending so much money, she still gets a "tough guy". Warren also said that the Republicans want to take action on Trump's legislative agenda, including loosening restrictions on cryptocurrencies, and she intends to fight the Republicans to the end.
Some experts think that Warren's move may slow down the change of US crypto policies. Although she may not have so much power now, "one day she will come out to find trouble again."
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