US Senator Warren calls for an investigation into crypto projects linked to Trump.

PANews reported on December 17th that, according to CoinDesk, US Senator Elizabeth Warren has requested another national security investigation into a sub-segment of the cryptocurrency space. She specifically cited concerns about the decentralized exchange PancakeSwap, alleging that the exchange attempted to inflate the value of tokens issued by World Liberty Financial (WLFI), which has ties to President Trump. In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi on Monday, Warren stated that the exchange operates on multiple blockchains and is a major protocol on Binance Chain, and should be examined for any connection to "any undue political influence exerted by the Trump administration on law enforcement decisions." She requested an investigation, echoing a similar request she made last month regarding WLFI.

Warren is a senior Democrat on the Senate Banking Committee, which must amend and approve legislation before it can be voted on by the wider Senate. Because a significant portion of his Democratic colleagues on the Senate Banking Committee have agreed to negotiate with Republicans on a crypto market structure bill, Warren has been largely excluded from negotiating crypto legislation on the committee.