Senator Warren Presses Treasury, DOJ on DEX National Security Risks, Citing PancakeSwap and USD1
U.S. Senator Elizabeth Warren raised national security concerns over decentralized exchanges, specifically PancakeSwap, according to a December 17 Decrypt report. Warren cited PancakeSwap’s alleged role in trading the Trump-linked stablecoin USD1 and in processing funds tied to North Korean cyberattacks. In a letter sent this week to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, she requested responses by January 12 on regulatory gaps in DEX oversight and safeguards against crypto-related conflicts of interest. Blockchain analyses from Allium and TRM Labs were cited as linking PancakeSwap to laundering funds from the February $1.4 billion Bybit hack.