Warren is expected to lead the U.S. Senate Banking Committee, with Wall Street facing increased regulatory pressure.

BlockBeats news, November 6 - According to The Wall Street Journal, Massachusetts Democratic Senator Elizabeth Warren is expected to become the chair of the U.S. Senate Banking Committee. Warren has been pressuring Wall Street for nearly two decades: she once called the private equity industry's actions "legalized looting" and proposed legislation that could make it easier to hold corporate executives criminally liable; she has also called for criminal investigations into bank executives who failed to prevent risk incidents in a timely manner.

In addition, Warren has sought to delay SpaceX's IPO and raised questions about Anthropic's potential existential risks to humanity, while pledging to investigate bankers' ties to Jeffrey Epstein and their dealings with the Trump administration. Now, with Democrats regaining control of both chambers of Congress, Warren is expected to gain greater investigative authority. Major financial institutions such as JPMorgan Chase (JPM.N), Bank of America (BAC.N), and Goldman Sachs (GS.N), as well as private equity and prediction markets, may all fall within her scrutiny.

After the election, Warren's staff has begun conveying messages to allies including lobbyists, housing organizations, and consumer protection groups: her early actions as committee chair will continue the direction of her work over the past two years as the committee's senior Democratic member. The biggest difference is that this time Warren will truly hold the committee's leadership and have subpoena power for investigations. People familiar with the situation said that starting in January next year, Warren is expected to fully exercise her authority as committee chair to conduct oversight of the Trump administration and its regulatory agencies, with particular focus on allegations of corruption involving President Trump and his family.