Warren urges Fed and Treasury to reject crypto bailout for billionaires

Sen. Elizabeth Warren asks the Treasury and the Federal Reserve to explicitly rule out using taxpayer dollars to bail out cryptocurrency billionaires as bitcoin slides about 50% from its October peak, warning such a rescue would enrich Trump-linked crypto interests and harm taxpayers. She also calls for stronger protections for retail crypto investors amid a selloff driven by leveraged liquidations, citing World Liberty Financial’s activity and losses among major crypto figures.