Senator Warren calls for an investigation into cryptocurrency projects linked to Trump

According to CoinDesk, U.S. Senator Warren has called for a national security investigation into a segment of the cryptocurrency sector, specifically expressing concerns about the decentralized exchange PancakeSwap. She stated that the exchange is attempting to inflate the tokens issued by World Liberty Financial (WLFI), which is associated with President Trump.

In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi on Monday, Warren noted that the exchange operates on multiple blockchains and is a major protocol on the Binance Smart Chain. She requested an examination of whether it is linked to "any improper political influence exerted by the Trump administration on law enforcement decisions," asking the two to investigate this, which echoes her similar request regarding WLFI last month. Warren is a senior Democrat on the Senate Banking Committee, which must revise and approve legislation before it can be voted on by the broader Senate. As a significant portion of her Democratic colleagues on the Senate Banking Committee have agreed to negotiate with Republicans on a cryptocurrency market structure bill, Warren has largely been excluded from the committee's negotiations on crypto legislation.