Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao said Thursday that cryptocurrency doesn’t rely on government rescues after Sen. Elizabeth Warren (D-Mass.) asked the Trump administration not to bail out billionaires in the current bear market.
CZ’s Response To Warren
CZ fired back against Warren’s letter advising the Treasury and the Fed against any government intervention to stabilize Bitcoin (CRYPTO: BTC) prices. Such a move, she argued, would “disproportionately benefit crypto billionaires.”
“Crypto never needed a bailout, never will,” CZ, who has had issues with the senior lawmaker, said.