Elizabeth Warren Calls for Probe Into DeFi Ties to President Donald Trump’s Crypto Interests

U.S. Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, has called for a new national security probe into decentralized finance (DeFi) platforms, focusing on their potential links to the crypto business interests of President Donald Trump. The move comes as negotiations over a U.S. crypto market structure bill have stalled and are now expected to resume in January.

In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, Warren urged authorities to review PancakeSwap, a major decentralized exchange, over concerns that it may be amplifying tokens tied to World Liberty Financial Inc., a company connected to Trump-linked interests. She also raised concerns about possible improper political influence on enforcement decisions.

Warren criticized DeFi platforms that facilitate hundreds of millions of dollars in daily transactions without requiring user identification, calling DeFi oversight a key unresolved issue in the market structure bill. The White House has dismissed claims that Trump’s crypto ties represent a conflict of interest, while negotiations over the legislation remain uncertain amid broader political and budgetary pressures.