• Warren urges Treasury and Fed to avoid bailing out crypto billionaires amid Bitcoin selloff. • She warns bailout would be unpopular, shifting taxpayer wealth to crypto elites. • Potential bailout could enrich Trump family’s World Liberty Financial, per CNBC. • Bitcoin fell over 50% from Oct peak, reaching $60k low on Feb 6. • Letter coincided with World Liberty Forum at Mar-a-Lago, boosting Trump-linked crypto agenda. • Treasury Secretary Bessent confirmed retaining seized Bitcoin, questioned on authority to bail out crypto.
Article Summaries:
- Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars. Warren warned that any potential bailout “would be deeply unpopular to transfer wealth from American taxpayers to cryptocurrency billionaires,” adding that it could also “directly enrich President Trump and his family’s cryptocurrency company, World Liberty Financial, according to CNBC. The letter comes as Bitcoin (BTC) prices have fallen more than 50% f
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