Crypto-Friendly Congressman Moreno Appointed to Senate Banking Committee

Ren Moreno (R-Ohio), a senator-elect with a friendly attitude towards cryptocurrencies, has been appointed as a member of the Senate Banking Committee. The Senate Banking Committee may become a key driver of cryptocurrency-related legislation in 2025, as it has jurisdiction over two critical agencies: the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. Other pro-cryptocurrency lawmakers, including Senator Cynthia Lummis (R-Wyo), have been assigned to remain on the committee. These appointments are expected to be confirmed by the full Senate at the start of the next Congress. According to the statement, Ren Moreno has also been appointed to the Senate Commerce Committee, the Senate Budget Committee, and the Senate Homeland Security and Governmental Affairs Committee.