U.S. Senator Elizabeth Warren has written to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, requesting an investigation into the potential national security risks of decentralized exchanges (DEXs), specifically naming PancakeSwap. The letter mentions that PancakeSwap is suspected of involvement in money laundering related to funds stolen by North Korean hackers, as well as trading the stablecoin USD1, which is associated with Trump. A report by blockchain analytics firm Allium indicates that approximately $263 million (20% of the stolen funds) was laundered through PancakeSwap in the $1.4 billion cryptocurrency theft that occurred on the Bybit exchange. Warren points out that the lack of robust anti-money laundering and KYC controls on decentralized platforms allows bad actors to transfer, mix, and cash out illicit funds. Warren requests that the two departments respond by January 12, 2025, regarding the risks and actions being taken, as well as measures to prevent conflicts of interest related to cryptocurrencies, including those within the Trump family.