Warren expected to chair Senate Banking
WSJ reports Elizabeth Warren, a leading crypto critic, is expected to chair the Senate Banking Committee in January, with crypto regulation likely in focus.
What we know
Wu Blockchain relays the WSJ report, which follows the Democratic midterm win. Separately, Wealthsimple's CADD stablecoin awaits Canadian regulator approval.
How the story developed
WSJ reports Elizabeth Warren, a leading crypto critic, is expected to chair the Senate Banking Committee in January, with crypto regulation likely in focus.
Democrats reportedly took the House, and Warren is expected to chair Senate Banking. World Liberty Financial, the CZ pardon and Binance are flagged as likely investigation targets.
CZ reflected on the Binance hack, and traders are treating the token's drop as already priced in while others flag rebase risk on Binance longs.
Binance published details of the hack: a fake job interview delivered 0-day malware, leading through an internal AI tool to a stolen deploy token and the wallet signing service. CZ says pre-AI security may not be enough.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.