CoinVoice has learned that, according to Decrypt, Senator Elizabeth Warren publicly warned this week in a letter about the potential national security risks posed by decentralized exchanges (DEX) and specifically pointed out the transactions of stablecoin USD1 associated with PancakeSwap and the funds stolen by North Korean hackers.
Warren pointed out that on-chain cryptocurrency users can use DEX without strict anti-money laundering controls, such as KYC disclosures, allowing them to 'use decentralized platforms to transfer, mix, and cash out illegal funds.'
Previously, Warren also criticized the cryptocurrency lobbying industry and warned about the GENIUS bill focused on stablecoins: the cryptocurrency regulations under consideration at that time 'greatly fueled President Trump's corruption' and called for an investigation into the TRUMP meme coin launched in January. [Original link]
