Morning Edition · Friday, July 17, 2026Published at 1:28 AM EDT · New York
Fed Chair Warsh Rules Out a Crypto Bailout, With a Caveat for "Extraordinary" Risk
"We do not want to be in the bailout business, full stop," Warsh told the House, days before the July 18 deadline to finalize GENIUS Act stablecoin rules.

Kevin Warsh, chair of the Federal Reserve, told the House Financial Services Committee that the central bank will not rescue the cryptocurrency industry in a crisis. "We do not want to be in the bailout business, full stop," he said, accord…
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Authorities Wall Crypto Off From Public Backstops
United States authorities increasingly commit to keeping crypto outside the central-bank safety net, so stress in the sector will resolve through market failure and statutory reserve rules rather than public rescue, keeping losses contained but unmitigated.
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