Changpeng Zhao (CZ), founder of Binance, the world’s largest cryptocurrency exchange, argued that the cryptocurrency sector does not need government support.
Sharing from his X account, CZ said, “Cryptocurrencies never needed a bailout and never will.”
This statement comes in response to comments made by US Senator Elizabeth Warren, a leading critic of Bitcoin (BTC) and cryptocurrencies.
In a recent letter to the Treasury Department and the Fed, Warren highlighted the volatility and potential risks of the cryptocurrency market, stating that any support measures for the cryptocurrency sector should be blocked.
In her letter, Warren warned that “transferring American taxpayers’ wealth to cryptocurrency billionaires is not only an extremely unpopular practice, but it could also directly enrich President Trump and his family’s cryptocurrency company, World Liberty Financial.”
*This is not investment advice.
