Elizabeth Warren has been reelected to a fourth term as Senator for Massachusetts, defeating John Deaton, a lawyer and vocal cryptocurrency advocate, according to The Block.

Warren’s Regulatory Focus

As a member of the Senate Banking and Finance Committees, Warren oversees agencies such as the SEC and CFTC. She has actively championed stricter cryptocurrency regulations, including:

A proposed anti-money laundering bill requiring miners, validators, and wallet developers to comply with KYC and Bank Secrecy Act (BSA) rules.

Deaton’s Support and Crypto Advocacy

Deaton was backed by key figures in the crypto industry, including Gemini founders Tyler and Cameron Winklevoss and Ripple CEO Brad Garlinghouse. He represented Ripple investors in the ongoing legal battle with the SEC and criticized U.S. government actions, particularly around the FTX collapse and its founder Sam Bankman-Fried.

In September, Deaton endorsed billionaire Mark Cuban as a potential replacement for SEC Chair Gary Gensler, despite previous disagreements with Cuban on unrelated issues.

Controversies Surrounding Warren

Warren’s influence over cryptocurrency regulations has drawn criticism. In March, Fox Business journalist Eleanor Terrett alleged Warren played a role in delaying SEC approval for a spot Ethereum ETF.