Fed Chair Warsh Says the Central Bank Will Not Rescue Failing Crypto Firms

Kevin Warsh said the industry must bear its own risk as regulators finalize rules under the GENIUS Act, drawing a boundary between crypto stress and public support.

Kevin Warsh, the chair of the Federal Reserve, said the central bank will not bail out failing crypto firms and that the industry must absorb its own losses, according to Bitcoin Magazine. Warsh tied the position to the rulemaking underway…