Sen. Warren Raises PancakeSwap Concerns Amid Market Structure Delay
Senator Elizabeth Warren is pressing the Justice and Treasury Departments to disclose whether they are investigating national security risks from decentralized cryptocurrency exchanges, specifically naming PancakeSwap and Uniswap. She highlights concerns about money laundering involving North Korea and alleges possible improper political influence by the Trump administration affecting crypto enforcement. Warren stresses the importance of government oversight as Congress debates legislation to regulate the crypto market and prevent its use by criminals and rogue states. She also notes reports suggesting PancakeSwap’s promotion of coins linked to Trump’s main crypto company, raising issue with potential conflicts of interest. Meanwhile, John Deaton, a lawyer and prominent crypto advocate who ran against Warren in 2024, has announced another Senate run for 2026, aiming to challenge Democratic Senator Ed Markey. The Senate’s markup hearing on new crypto market regulations has been postponed until 2026.
