Morning Edition · Saturday, July 18, 2026Published at 1:32 AM EDT · New York
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…
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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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