Senator Elizabeth Warren has called on the U.S. government to refrain from using taxpayer funds to bail out the cryptocurrency industry. In a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, Warren argued that such a bailout would unfairly benefit cryptocurrency billionaires and could potentially aid President Trump's crypto project, World Liberty Financial. Warren's letter comes as Bitcoin's price has dropped over 50% from its peak, reaching a local low of $60,000. She highlighted concerns raised during a recent Financial Stability Oversight Committee hearing, where she criticized Secretary Bessent for not addressing the core issues related to potential bailouts. Warren stressed that government intervention in the crypto market, through direct purchases or liquidity tools, would disproportionately benefit wealthy crypto investors.