ChainCatcher message, according to Decrypt, Senator Elizabeth Warren publicly discussed this week in a letter the national security risks that may exist with decentralized exchanges (DEX), specifically pointing out the trades of the stablecoin USD1 associated with Trump and the funds stolen by North Korean hackers.
Warren noted that on-chain cryptocurrency users can use DEX without strict anti-money laundering controls, such as KYC disclosures, allowing them to "leverage decentralized platforms to transfer, mix, and cash out illegal funds."
Previously, Warren also criticized the cryptocurrency lobbying industry and issued a warning regarding the GENIUS bill focused on stablecoins: the cryptocurrency regulation under review at the time "greatly fueled President Trump's corruption," and called for an investigation into the TRUMP meme coin launched in January.
