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A long-time opponent of digital assets has secured a seat in the U.S. Senate once again.
Elizabeth Warren has taken her position as the representative of Massachusetts.
In the race for the Senate, she surpassed cryptocurrency supporter John Deaton.
Politician and staunch critic of the cryptocurrency realm, Elizabeth Warren, has emerged victorious in her third bid for a seat in the U.S. Senate, according to NBC. This time, she joined the upper legislative chamber by defeating digital asset advocate and Republican John Deaton in the competitive race.
Reports indicate that Warren will assume her role as a senator from Massachusetts. As of this writing, she leads in the election race with 60.3%, while Deaton is garnering 39.7%.
Elizabeth Warren is recognized as one of the key political adversaries of the cryptocurrency sector in the United States. She advocates for stringent regulation of the industry and the extension of the Bank Secrecy Act’s provisions to cover cryptocurrency service providers, including wallet developers.
Additionally, the politician believes that foreign mining companies are spying on the U.S. by establishing their operations on American soil. Warren has claimed that these companies collect data related to the critical infrastructure of the United States in addition to mining cryptocurrencies.
“I have evolved from just a political enthusiast to a full-time political advocate and fighter, striving to give everyone in our Commonwealth and our nation the opportunity to shape the future,” Warren stated.
It's important to note that cryptocurrency supporter John Deaton from Massachusetts received public backing from various figures in the digital asset industry. Among them is Brad Garlinghouse, CEO of Ripple Labs. Along with co-founders of the Gemini exchange, Tyler and Cameron Winklevoss, he contributed $2 million to Deaton's campaign.
Recently, we also reported that a bill will be considered in the U.S. to create a joint committee on digital assets with representatives from the Securities and Exchange Commission and the Commodity Futures Trading Commission.
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