US Senator Warren calls for probe into PancakeSwap, Trump ties

U.S. Senator Elizabeth Warren, a prominent critic of cryptocurrency, has called for an investigation into PancakeSwap over allegations of a scheme to inflate the price of a coin issued by World Liberty Financial (WLFI). In a letter to the Secretary of the Treasury and the Attorney General, Warren argued that authorities must investigate whether PancakeSwap is connected to improper political influence from the Trump administration, Coindesk reported. She also criticized decentralized finance (DeFi) platforms for processing hundreds of millions of dollars in daily transactions without requiring identity verification.