Warren Set to Take Senate Banking Gavel, Aiming at AI Chips and Prediction Markets

Elizabeth Warren will take the gavel of the Senate Banking Committee in January, per a Cointelegraph report. Her to-do list starts with tightening export controls on AI chips shipped to China and bringing regulation to prediction markets. Both moves would expand the committee's reach into tech and finance at the same time.

The broader agenda leans consumer-facing. Warren wants to cap credit card interest rates, push for more affordable housing and work on reducing consumer debt. Those items sit alongside the tech and markets portfolio she'll inherit as chair.

Oversight is the other half of the plan, and it comes with named targets. Warren is preparing aggressive scrutiny of Wall Street, Big Tech and crypto businesses tied to the Trump family. Her chairmanship formally begins in January.