'Pro-Crypto' Bernie Moreno Appointed to Senate Banking Committee

Bernie Moreno, a pro-crypto Republican senator-elect from Ohio, has been appointed to the Senate Banking Committee.

According to The Block on the 23rd (local time), John Thune, the Republican Senate Majority Whip, nominated Bernie Moreno, the senator-elect, to the Senate Banking Committee. The Senate Banking Committee has jurisdiction over the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The appointment of pro-crypto figures like Moreno is expected to aid in advancing cryptocurrency-related legislation next year. Additionally, other pro-crypto lawmakers, including Cynthia Lummis, have been nominated to remain on the committee.