Overview
- The senator asked the agencies to categorically reject direct purchases, guarantees, or liquidity facilities that would bolster Bitcoin or crypto investors.
- A Federal Reserve spokesperson confirmed receipt of the letter and declined comment, while the Treasury Department offered no immediate public response.
- Warren cited World Liberty Financial’s sale of about 173 wrapped Bitcoin to repay $11.75 million in USDC debt to avoid liquidation when prices fell below $63,000.
- She pointed to a roughly 50–60% drop in Bitcoin since October 2025 and warned that cascading leveraged liquidations have magnified losses.
- Her letter also urged stronger protections for retail crypto users, noting reports that $17 billion was lost or stolen in crypto fraud in 2025.