It’s currently unclear which Democratic Senators will serve on the subcommittee. Massachusetts Senator Elizabeth Warren is now the top Democrat on the Banking Committee and her historically anti-crypto views are expected to continue.
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Two freshman Democratic Senators, Arizona’s Ruben Gallego and New Jersey’s Andy Kim are both considered supporters of the industry and may get a look to serve on the subcommittee. Senator Pete Ricketts, the former governor of Nebraska, is also very pro-crypto. While governor, Ricketts signed the Nebraska Financial Innovation Act, which authorized a new charter for digital asset depositories, allowing them to custody crypto.
