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Elizabeth Warren is using PancakeSwap to force Trump's regulators into a conflict they cannot escape.
On December 15th, Elizabeth Warren put two names at the top of a letter that signals where, in her view, US crypto policy actually lies: Treasury Secretary Scott Bessent and Attorney General Pamela Bondi. The question is simple on paper, but cumbersome in practice. Are their departments investigating what she calls "national security risks" associated with decentralized exchanges, and if so, how far does that scrutiny go when the president's business orbit is part of the story? The hook she chose was PancakeSwap, a DeFi venue that, according to Warren, is at an uncomfortable intersection between "no-account" trading and the kind of money that can end up in landslides of sanctions.$CAKE