The recent crypto crackdown from the Democratic party, spearheaded by crypto-skeptic Senator Elizabeth Warren, may cast a shadow over the future of the decentralized exchange (DEX) Hyperliquid (HYPE).

This heightened scrutiny stems from concerns surrounding the crypto ventures associated with President Donald Trump’s family, specifically focusing on World Liberty Financial (WLFI).

National Security Concerns Over WLFI’s Sales

In a letter dated Tuesday, US Senators Warren and Jack Reed, who serve on the Senate Committee on Banking, Housing, and Urban Affairs, expressed apprehensions that WLFI might pose national security risks.

The letter, which was exclusively obtained by CNBC and addressed to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, outlined the senator

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