Wu Blockchain(@WuBlockchain):Fed Chair: We're Not Bailing Out Anybody, Including Crypto Federal Reserve Chair Kevin Warsh @Not_KevinWarsh said at a July 14 hearing of the U.S. House Financial Services Committee that the Fed does not want to be in the bailout business, and hopes reforms can reduce extreme risks so the financial system is not in a position where anyone needs to be bailed out, including the crypto industry. However, when pressed on whether the Fed would provide support if stablecoins or the crypto market faced a run, Warsh did not make a clear commitment that there would be no bailout under any circumstances.

2026.07.16 09:30

Fed Chair: We're Not Bailing Out Anybody, Including Crypto Federal Reserve Chair Kevin Warsh @Not_KevinWarsh said at a July 14 hearing of the U.S. House Financial Services Committee that the Fed does not want to be in the bailout business, and hopes reforms can reduce extreme risks so the financial system is not in a position where anyone needs to be bailed out, including the crypto industry. However, when pressed on whether the Fed would provide support if stablecoins or the crypto market faced a run, Warsh did not make a clear commitment that there would be no bailout under any circumstances.