Elizabeth Warren Demands No Taxpayer Bailout for Bitcoin, Now 50% Off October Highs
Senator Elizabeth Warren urged Treasury Secretary Scott Bessent and Fed Chair Jerome Powell to rule out direct purchases, guarantees or liquidity facilities using taxpayer funds to stabilize Bitcoin, currently down 50% from October highs. She also called for stronger safeguards for retail crypto investors after $17 billion was lost to fraud in 2025.
1. Warren Urges Ban on Taxpayer-Backed Crypto Support
Senator Elizabeth Warren wrote to Treasury Secretary Scott Bessent and Fed Chair Jerome Powell requesting they formally rule out direct purchases, guarantees or liquidity facilities that would use taxpayer funds to stabilize Bitcoin markets.
2. Bitcoin Trading 50% Below October Peak
Bitcoin has fallen roughly 50% from its October highs, intensifying concerns that government intervention could improperly prop up prices and benefit major crypto holders at taxpayer expense.
3. Call for Retail Crypto Protections
Warren highlighted a record $17 billion in losses or thefts from crypto fraud in 2025 and demanded stronger safeguards to shield retail investors from further market abuses.