United States Senator Elizabeth Warren, among the more outspoken voices versus digital possessions in Congress, is requiring responses from Justice Department and Treasury Department authorities about a prospective examination into decentralized crypto exchanges, mentioning issues over PancakeSwap and Uniswap.
In a Monday letter to Treasury Secretary Scott Bessent and United States Chief Law Officer Pam Bondi, Warren asked whether their particular departments were “examining substantial nationwide security dangers positioned by decentralized cryptocurrency exchanges like PancakeSwap.”
The Massachusetts senator raised issues about “inappropriate political impact” from the Trump administration over the selective enforcement of crypto business and reports of cash laundering connected to North Korea, requesting a reaction by Jan. 12.
” As Congress thinks about crypto market structure legislation– consisting of guidelines to avoid terrorists, lawbreakers, and rogue states from making use of decentralized financing (DeFi) to money their activities– it is important to comprehend whether you are seriously examining these dangers,” Warren composed to Bessent and Bondi, including:
” The general public is worthy of to understand whether you are examining the severe dangers recognized by nationwide security specialists and the crypto market itself.”
Warren’s letter came as the senate prepared to unwind activities before the chamber broke for the vacations. Some Republican politicians on the Banking Committee had actually anticipated to deal with the digital market structure expense, referred to as the Accountable Financial Development Act, before completion of the year. Nevertheless, Chair Tim Scott validated on Monday that a markup hearing on the legislation had actually been pressed to 2026.
Related: Leading United States Democrat signals battle over crypto market structure
The Massachusetts senator likewise raised issues over reports that PancakeSwap had actually been “attracting interest amongst traders to utilize coins released by the Trump household’s primary crypto business, World Liberty Financial.”
Some Senate Democrats have actually raised issues about the United States president’s possible impact and disputes of interest relating to the legislation, offered his and his household’s ties to the crypto market.
XRP attorney who challenged Warren in 2024 will run once again
John Deaton, the attorney who ran versus Warren in the 2024 United States election, is making another quote for Congress. Deaton has actually been a supporter for XRP (XRP) holders in court, becoming a popular figure in the cryptocurrency market over the previous couple of years.
In November, he revealed that he would run as a Republican for the Senate once again in 2026. Warren is not up for reelection next year, so Deaton will be trying to unseat Democratic Senator Ed Markey.
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