Sen. Elizabeth Warren (D-Mass.) says the crypto industry is "scared of a strong SEC."  Although the industry prefers the CFTC to oversee the regulations over the SEC, Warren says the SEC and Gary Gensler are best suited for the job.  Warren believes that Gensler is the best for oversight for the crypto industry.  She described the crypto market as "full of junk tokens and unregistered securities, rug pulls and Ponzi schemes, pump-and-dumps, money laundering, and sanctions evasion." Other Congress members have criticized Gensler for favoritism. Gensler had met with Sam Bankman-Fried and has been criticized for going "easy" on him during the FTX fiasco.  Warren also called upon environmental agencies to monitor crypto mining. She accused crypto miners of destroying the environment.  In December, Warren introduced a bill called the Digital Asset Anti-Money Laundering Act with fellow Senator Roger Marshall (R-Kan.).  Zoom out:  Sen. Ted Cruz (R-Texas) is advocating for crypto payments within areas of the Capitol.  The new directive would apply to officials tasked with overseeing day-to-day operations and working with "persons that will accept digital assets as payment for goods and food services."