$CAKE
Elizabeth Warren Sounds Alarm on Trump's Crypto Dealings, PancakeSwap
Senator Elizabeth Warren is raising an alarm on the potential national security risks of decentralized exchanges (DEXs), singling out PancakeSwap given its reported connection to the trading of Trump-linked stablecoin USD1 and funds stolen by North Korean hackers.
In a letter this week addressed to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, Warren asked for answers by January 12 regarding gaps left by statutory and regulatory authorities that leave the U.S.🇺🇸 vulnerable to national security risk as it pertains to DEXs and any actions the agency is taking to prevent crypto-related conflict of interests—including within the Trump family. #SECReviewsCryptoETFS