Sen. Elizabeth Warren (D-Mass.) is reportedly expected to chair the Senate Banking Committee starting in 2027, a role that would give her broad authority to investigate prediction markets and cryptocurrency firms
Warren to Investigate Trump?
Warren could use the committee’s subpoena powers to investigate alleged insider trading involving prediction markets and examine consumer-protection practices at cryptocurrency companies, the Wall Street Journal reported, citing people familiar with the matter.
Warren, currently serving as Ranking Member of the committee, may also scrutinize “allegations of corruption” involving President Donald Trump and his family, WSJ added.
The report mentioned that she, along with Sen. Richard Blumenthal (D-Conn.) and Rep. Maxine Waters (D-Calif.), may “aggressively investigate” the cryptocurrency industry and its ties to those in Trump’s orbit.
Warren’s appointment has not been finalized, although the Senate watchers reportedly see the chance of a competing bid as “unlikely.”
Warren’s team didn’t immediately return Benzinga’s request for comment.
Warren Expected to Increase Oversight
Warren’s expected committee role follows months of criticism aimed at Trump’s cryptocurrency interests and regulatory policies.
Earlier in March, she accused Trump of reducing enforcement on cryptocurrency and prediction markets to benefit firms linked to his family.
Warren has been one of the fiercest critics of Trump family-linked cryptocurrency businesses, including the Official Trump (CRYPTO: TRUMP) and the World Liberty Financial platform.
She was also critical of the CLARITY Act, arguing it ignores conflicts of interest arising from Trump and his family’s crypto ventures.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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