U.S. Senator Elizabeth Warren has sent a stark warning to the Federal Reserve and Treasury Department, urging them not to use taxpayer funds to bail out cryptocurrency investors as digital asset markets face renewed volatility.
Summary
- Elizabeth Warren urged the Federal Reserve and Treasury Department not to use taxpayer funds to stabilize cryptocurrency markets, warning it would amount to a bailout for “crypto billionaires.”
- Warren said any intervention could indirectly benefit a crypto venture tied to former President Donald Trump, raising potential ethical and political concerns.
- The senator pressed officials to clarify whether the government has authority to backstop…
