According to The Wall Street Journal, Democratic Senator Elizabeth Warren, a long-time advocate for stricter crypto industry regulation, is expected to assume the chairmanship of the U.S. Senate Banking Committee next January, granting her broader oversight authority and subpoena power over the financial sector. The report noted that her early priorities are likely to include investigating suspected insider trading in prediction markets, scrutinizing consumer protection practices at cryptocurrency firms, and examining suspected conflicts of interest involving Donald Trump and his family. While Warren's appointment as chair has not been finalized, most Senate observers believe the likelihood of a competing candidate is low.