Elizabeth Warren Presses DOJ, Treasury on Potential Probe of DeFi Exchanges
Senator Elizabeth Warren has escalated her scrutiny of decentralized finance, demanding answers from federal authorities about potential investigations into platforms like PancakeSwap. In letters to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, the Massachusetts Democrat framed the inquiry as part of broader congressional debates over crypto regulation.
Warren’s concerns center on national security risks, citing warnings from experts that DeFi could enable illicit finance if left unchecked. The senator specifically questioned whether political influence—including ties to former President Trump—might be affecting enforcement priorities.
The MOVE comes as legislative efforts to regulate crypto markets stall in Congress. Warren set a January 12 deadline for responses, signaling heightened oversight of an industry already grappling with compliance challenges.