• Key insight: Senate Banking Committee ranking member Elizabeth Warren, D-Mass., warns top federal regulators against bailing out the crypto industry in the wake of sharply declining asset values.
• Supporting data: Bitcoin, the most widely-held cryptocurrency, has lost roughly half its value since October. 
• Forward look: Warren is seeking a written pledge from the Treasury and the Federal Reserve that they will not offer assistance to troubled cryptocurrency firms. 

Senate Banking Committee ranking member Elizabeth Warren D-Mass., Wednesday pressed the top financial policy officials in the executive branch to commit to not bailing out cryptocurrency markets following a precipitous downturn in the digital asset market.
In a letter addressed…