U.S. Senator Elizabeth Warren, a leading critic of the crypto industry, is stepping into the role of the most senior Democrat on the Senate Banking Committee.

This committee will oversee crypto legislation in the upcoming months. If the Democrats regain control of the Senate in two years, Warren may become the committee's chairperson.

Warren has long been a prominent voice against the crypto sector in Congress. Now, as the top Democrat on the Senate Banking Committee, she will play a pivotal role in shaping digital asset regulations that require approval from this panel.

The Banking, Housing, and Urban Affairs Committee has previous been led by Sherrod Brown, an Ohio Democrat who faced significant spending from the cryptocurrency industry during recent elections. Despite this, Warren has remained a vocal opponent, and with the Republicans taking control of the Senate, she will have an opportunity to increase her influence on crypto-related discussions.

"This new role means a better chance to advance solutions like building more housing to lower prices and protecting consumers from private equity greed and special interest scams," she stated.

Although the Republicans will set the agenda, Warren's position will allow her to address and critique the committee's activities concerning crypto, an area she argues is fraught with illegal activities. She has previously introduced legislation aimed at imposing stricter regulations on the field.

Warren recently won re-election, competing against notable pro-crypto lawyer John Deaton, who received only 40% of the votes. As the political landscape shifts in the coming years, the potential for Democrats to regain Senate majority could further amplify Warren's influence in this sector.