In his likely last committee hearing before leaving office, Senator Sherrod Brown warned that a relaxed approach to digital assets would primarily benefit corporate elites. During the Senate Banking Committee meeting on December 11, he cautioned that under President-elect Donald Trump, corporate interests would exploit workers and customers. Brown criticized Trump for nominating individuals aligned with special corporate interests. He expressed concerns over a political action committee funded by the crypto industry that invested heavily in advertisements during the Senate race, potentially aiding Republican candidates. As one of Congress's most vocal skeptics of cryptocurrency, Brown's tenure as chair of the banking committee will conclude in January when Republicans take the majority. He highlighted the importance of the incoming Congress in safeguarding regulatory standards against corporate overreach. Additionally, the committee's vote concerning SEC commissioner Caroline Crenshaw was delayed, with implications for the SEC's future regulatory approach amidst shifting political dynamics.

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