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Sen. Warren tells Fed and Treasury: No bailout for crypto billionaires
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Sen. Elizabeth Warren asked the Treasury Department and the Federal Reserve on Wednesday to confirm that they will not "use taxpayer dollars to bail out cryptocurrency billionaires and other highly leveraged cryptocurrency investors."
The Massachusetts Democrat's request to Treasury Secretary Scott Bessent and Fed Chair Jerome Powell came as bitcoin continued a slide that has seen the popular cryptocurrency drop about 50% since hitting a high in October.
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Sen. Elizabeth Warren asked the Treasury Department and the Federal Reserve on Wednesday to confirm that they will not "use taxpayer dollars to bail out cryptocurrency billionaires and other highly leveraged cryptocurrency investors."
The Massachusetts Democrat's request to Treasury Secretary Scott Bessent and Fed Chair Jerome Powell came as bitcoin continued a slide that has seen the popular cryptocurrency drop about 50% since hitting a high in October.
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