Haciyev Reşit 
One of the most well-known figures in the crypto world, Changpeng Zhao (CZ), responded firmly to growing political pressure on the crypto sector in the United States. Zhao stated that the cryptocurrency market does not need government bailout packages, defending the industry’s independent structure. His remarks came after warnings from U.S. Senator Elizabeth Warren, who voiced opposition to any potential support or rescue efforts for the crypto sector. The debate has once again brought disagreements over U.S. crypto regulation and government intervention into the spotlight.
CZ: “Crypto Has Never Needed a Bailout”
In a post on X (formerly Twitter), Changpeng Zhao emphasized that the crypto market operates differently from the traditional financial system. According to CZ, the sector is capable of sustaining itself through its own dynamics.
He stated:
“Crypto has never needed a bailout, and it never will.”
This comment was widely interpreted as a reference to bank bailouts that occur during financial crises, highlighting the decentralized nature of the crypto ecosystem.
Elizabeth Warren Opposes Support for Crypto
CZ’s comments directly respond to recent statements by Senator Elizabeth Warren, one of the crypto industry’s most prominent critics. Warren recently sent a letter to the U.S. Treasury and the Federal Reserve (Fed), warning about the volatility and potential risks of the crypto market.
She argued that any potential bailout or support package for the crypto sector should be blocked, stressing that taxpayer funds should not be directed toward the industry. In her letter, Warren suggested that public resources could end up benefiting crypto billionaires, raising political and ethical concerns. She also warned that such support could directly enrich large crypto companies and major investors.
Debate Over Government Intervention Intensifies
CZ’s remarks have reignited the debate over whether the crypto sector needs government intervention. Crypto advocates argue that the decentralized structure of digital assets eliminates the need for bailouts, unlike traditional financial institutions. On the other hand, some regulators and policymakers believe that due to high volatility and investor risks, stricter oversight and clearer regulatory frameworks are necessary. With the U.S. election cycle approaching, discussions around crypto regulation and political rhetoric are gaining further importance. Changpeng Zhao’s statement that “crypto does not need to be rescued” has once again fueled political debate in the United States. The divide between Elizabeth Warren’s hardline stance and industry leaders’ emphasis on independence is likely to remain a key factor shaping future crypto regulations and market sentiment.
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