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Title: Warren Strikes Again at Trump! Political Crypto War Escalates, This Time Targeting Decentralized Exchanges
The collision between American politics and the crypto world has stirred new waves. Senator Elizabeth Warren unexpectedly sent an open letter to the Treasury Secretary and Attorney General on Monday, demanding a national security investigation into crypto projects associated with Trump, directly targeting the well-known decentralized exchange PancakeSwap.
In her letter, Warren accused PancakeSwap of artificially inflating the tokens issued by "World Liberty Financial," linked to Trump, and questioned whether its operations were related to "potential undue political influence during the Trump administration." She emphasized that the protocol is a major platform on the Binance chain and operates across multiple blockchains, necessitating a review of its underlying motives.
This marks Warren's second attack on this issue recently, directly pointing to the entanglement of Trump's camp with crypto finance. However, it is quite dramatic that, as a senior member of the Senate Banking Committee, Warren herself has been excluded from key bipartisan negotiations on crypto legislation in Congress—because most of her Democratic colleagues have chosen to sit back down at the negotiating table with Republicans.
Analysts point out that Warren's series of actions is not only aimed at striking at the financial support network behind Trump but also attempts to reclaim the narrative in this war of defining the future of crypto regulation. On one side are lawmakers trying to draw red lines to prevent digital currencies from becoming political tools, and on the other side is the rapidly expanding crypto capital increasingly infiltrating the core of power; this showdown has spread from the market to the realm of national security.
When decentralized finance meets American electoral politics, an unprecedented regulatory storm and power struggle are quietly unfolding on the blockchain. $BTC $ETH $SOL #美国非农数据超预期
The collision between American politics and the crypto world has stirred new waves. Senator Elizabeth Warren unexpectedly sent an open letter to the Treasury Secretary and Attorney General on Monday, demanding a national security investigation into crypto projects associated with Trump, directly targeting the well-known decentralized exchange PancakeSwap.
In her letter, Warren accused PancakeSwap of artificially inflating the tokens issued by "World Liberty Financial," linked to Trump, and questioned whether its operations were related to "potential undue political influence during the Trump administration." She emphasized that the protocol is a major platform on the Binance chain and operates across multiple blockchains, necessitating a review of its underlying motives.
This marks Warren's second attack on this issue recently, directly pointing to the entanglement of Trump's camp with crypto finance. However, it is quite dramatic that, as a senior member of the Senate Banking Committee, Warren herself has been excluded from key bipartisan negotiations on crypto legislation in Congress—because most of her Democratic colleagues have chosen to sit back down at the negotiating table with Republicans.
Analysts point out that Warren's series of actions is not only aimed at striking at the financial support network behind Trump but also attempts to reclaim the narrative in this war of defining the future of crypto regulation. On one side are lawmakers trying to draw red lines to prevent digital currencies from becoming political tools, and on the other side is the rapidly expanding crypto capital increasingly infiltrating the core of power; this showdown has spread from the market to the realm of national security.
When decentralized finance meets American electoral politics, an unprecedented regulatory storm and power struggle are quietly unfolding on the blockchain. $BTC $ETH $SOL #美国非农数据超预期
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