According to CoinMeta, as reported by nada and news, Republican Senator Cynthia Lummis, who is pro-crypto, publicly refuted the statements made by Democratic Senator Elizabeth Warren in an interview with The New York Times, which claimed that crypto assets are "of no benefit to the financial system and still await industry validation." Lummis pointed out that stablecoins pegged to currencies such as the US dollar allow employees to receive their salaries almost immediately after their employers make transfers, greatly alleviating the difficulties for those who rely on their wages for living. Furthermore, in the field of cross-border remittances, traditional banks charge a fee of nearly 15% for transfers of $200, which can take several days to weeks to be processed, whereas digital assets enable seamless and instant deposits on weekends while significantly reducing fees. With Democrats regaining a majority in the Senate in the midterms, Warren is expected to become the chair of the Senate Banking Committee in January 2027 and is known to hold a strict regulatory stance towards the crypto industry.