According to CoinMeta, the Democrats won control of the Senate on Tuesday, preventing U.S. President Donald Trump from attempting to reshape the Federal Reserve. This political shift will stop the White House from appointing officials loyal to Trump to the Fed's seven-member board, thereby depriving the government of its most important means of control over the central bank. Senator Elizabeth Warren from Massachusetts is expected to become chair of the Senate Banking Committee, which is responsible for overseeing the Fed. Warren is expected to prevent any nominee who is seen as being too submissive to executive pressure from being approved. Mark Spindler, an investment manager who has co-authored books on the history of Fed independence, said that Democratic control of the Senate will provide a stronger protective barrier for the Fed, enabling it to more effectively resist pressure from the president.