[U.S. Senator Warren Sends Letter to Bessent and Powell Opposing the Use of Taxpayer Funds to 'Bail Out' the Cryptocurrency Industry] BlockBeats News, February 19 – Senior member of the Senate Banking Committee, Elizabeth Warren, has sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, urging the government not to use taxpayer funds to bail out the cryptocurrency industry. In the letter, Warren warned that any form of bailout would mean 'transferring wealth from American taxpayers to cryptocurrency billionaires,' which is not only 'highly unpopular' but could also directly benefit former President Trump and his family’s cryptocurrency project, World Liberty Financial. The letter was sent at a time when Bitcoin’s price has fallen more than 50% from its all-time high, hitting a local low of $60,000. On the same day, World Liberty Financial held its inaugural 'World Liberty Forum' at Mar-a-Lago, inviting several cryptocurrency industry executives and pro-crypto policymakers to attend. Warren also cited the Financial Stability Oversight Council hearing on February 4, where Treasury Secretary Bessent 'dodged core concerns' when responding to questions about bailing out Bitcoin. She emphasized that the government should not intervene in the Bitcoin market through direct purchases, guarantees, or liquidity tools, to avoid 'making cryptocurrency billionaires the biggest beneficiaries of a bailout.'