U.S. Democratic Senator Elizabeth Warren (엘리자베스 워런), known as a critic of cryptocurrencies, publicly pushed back against the possibility of government intervention in the crypto market.

On Feb. 19 local time, Warren sent a letter to Treasury Secretary Scott Bessent (스콧 베센트) and Federal Reserve Chair Jerome Powell (제롬 파월) seeking a public pledge that taxpayer funds will not be used to bail out the cryptocurrency industry, according to the U.S. Senate website cited by blockchain outlet CoinPost.

In the letter, Warren said government intervention to stabilise the highly volatile cryptocurrency market would likely end up benefiting only wealthy investors described as “crypto billionaires.” She reaffirmed strong opposition to bailouts that shift market losses onto taxpayers.

Warren also raised the possibility of conflicts of interest tied to World Liberty Financial (WLFI), which is known to involve the Trump family. She warned that if the government supports the market, certain projects could benefit directly or indirectly.

The request comes as WLFI has sold wrapped bitcoin (WBTC) to repay debt related to stablecoin USDC, putting concerns about project transparency and financial soundness back under scrutiny.

Earlier, Bessent said at a hearing that the central bank currently has no authority to intervene if the bitcoin price plunges. Warren said that answer was not clear enough and is seeking a stronger and more binding commitment.

Warren has also maintained a negative stance on the Trump administration’s plan for a bitcoin strategic reserve. She said measures beyond holding seized assets, including steps that could influence the market, should be avoided.

The letter comes as talks on legislation to restructure the cryptocurrency market have stalled. Debate over the Trump family’s business interests, the possibility of public funds being used and a strategic reserve policy is emerging as a key issue for gauging the direction of U.S. cryptocurrency regulation.