Sen. Warren urges US govt not to bail out crypto investors

U.S. Senator Elizabeth Warren, a noted crypto opponent, has urged the Treasury Department and the Federal Reserve not to bail out "crypto billionaires" with taxpayer money. In a letter to the two agencies, Warren argued that with BTC prices down approximately 60% from their October peak, any government intervention would place an undue burden on taxpayers. According to CNBC, she also warned that such a move could benefit President Donald Trump's crypto firm, World Liberty Financial (WLFI). Warren stressed that the Fed and Treasury should not prop up BTC through direct purchases or liquidity support, and should instead focus on strengthening protections for individual investors.