Fed Chair: No Bailouts for Crypto Federal Reserve Chair Kevin Warsh @Not_KevinWarsh stated on July 14 during a hearing at the U.S. House Financial Services Committee that the Fed does not want to engage in bailout activities. Instead, it aims to reduce extreme risks through reforms, positioning the financial system to operate without the need to bail out any entity, including the crypto industry. However, when pressed on whether support would be provided in the event of a run on stablecoins or the crypto market, Warsh stopped short of making a clear commitment to never bail out. Source: Bloomberg Podcasts