[CZ: Cryptocurrency has never needed a bailout, and it never will] On February 20, Binance founder CZ stated that cryptocurrency has never needed a bailout, and it never will. On February 19, senior member of the Senate Banking Committee Elizabeth Warren sent a letter to Treasury Secretary Scott Besant and Federal Reserve Chairman 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 'extremely unpopular' but could also directly benefit former President Trump and his family's crypto project, World Liberty Financial.