Request On February 18, 2026, Senator Elizabeth Warren sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, demanding written confirmation that taxpayer money will not be deployed to rescue the crypto market after its recent collapse.
Bitcoin’s Loss Bitcoin has lost more than $2 trillion—about 50% of its value—since its October 2025 peak.
Investor Protection and Transparency Warren warned that such a loss could destabilize markets and called for prioritizing consumer protection.
She emphasized that taxpayers should not bear the cost of crypto investors’ losses.
Written Confirmation Deadline She requested that the Treasury and Fed provide written confirmation by February 27, 2026, urging a focus on strengthening investor safeguards rather than federal intervention in crypto markets.
Senator Warren Requests Written Confirmation from Fed and Treasury to Prevent Intervention in Crypto Markets
Senator Elizabeth Warren has asked the Federal Reserve and Treasury to confirm in writing that taxpayer funds will not be used to rescue the crypto market following Bitcoin’s $2 trillion decline.
Sources
- Bitcoin.com News · baglanti