Senator Warren Warns Against Government Intervention in Cryptocurrency Market

US Senator Elizabeth Warren has expressed concerns about the potential for government intervention in the cryptocurrency market. In a letter sent to the Treasury Department and Federal Reserve, she emphasized that taxpayer funds should not be used to support cryptocurrency investors or firms.

The senator argues that any government intervention could have unintended consequences, including transferring wealth from taxpayers to wealthy crypto investors. She notes that this could benefit President Donald Trump's family company, World Liberty Financial, which has been involved in cryptocurrency dealings.

Warren also highlighted the risks to retail investors, citing a record $17 billion lost or stolen in cryptocurrency fraud in 2025. She urged federal financial agencies to strengthen protections for individual crypto users and to refrain from using their authorities to stabilize Bitcoin or other digital assets.