Elizabeth Warren has won her third term as senator of Massachusetts, securing a convincing victory against pro-crypto candidate John Deaton. Warren secured 59.8% of the votes, while Deaton received 40%, showing a significant difference in support for their respective stances on cryptocurrencies. As a member of the Senate Finance Committee and the Senate Banking Committee, Warren holds some influence over the SEC and the CFTC, which could impact the future of the crypto industry.
Warren has been a vocal critic of crypto and supports a bill that aims to extend know-your-customer rules to validators, wallet providers, and miners, while Deaton, a lawyer representing thousands of XRP investors in a case against the SEC, has been a proponent of the industry. Despite Deaton’s efforts and support from Ripple’s CEO Brad Garlinghouse, Warren secured a clear victory in the election.
