Elizabeth Warren plans oversight of prediction markets and people tied to Trump family crypto ventures as she prepares to take the Senate Banking gavel

A senator who opposed the CLARITY Act, the crypto industry's market structure bill, is about to run a Senate committee that oversees crypto. Elizabeth Warren is set to take the Senate Banking gavel in January, and her team has started to say what she will do with it.

A Warren banking aide, speaking without being named, gave Punchbowl News what the outlet called a first readout of her agenda, published on Monday. It starts with affordability; the aide said she will also seek bipartisan bills to expand housing supply and cap credit card interest rates, and keep pushing AI chip export controls. On prediction markets, the aide said Warren would seek to end the sector's "Wild West-style lack of oversight."

Warren also plans to use the committee's oversight role on Trump administration officials, Wall Street and Big Tech executives, and people connected to the Trump family's business ventures in crypto and beyond. She has already pressed Kalshi and Polymarket on how they stop insider trading on election bets, according to The Block and Bitcoin Magazine. Kalshi's head of enforcement, Robert DeNault, told Business Insider the company proactively blocks candidates and campaign staff from trading, Bitcoin Magazine reports; Polymarket did not comment.

What comes next: the CLARITY Act failed a Senate procedural vote 49-50 on September 15, Bitcoin Magazine notes, and House Democrats are drafting their own market structure package. Bitcoin Magazine also reports she plans to use the committee's investigative powers on prediction markets, focusing on insider trading and manipulation.