Fed Chair: No Bailouts for Crypto Federal Reserve Chair Kevin Warsh @Not_KevinWarsh stated during the July 14 hearing at the U.S. House Financial Services Committee that the Fed does not intend to engage in bailout operations. He emphasized the goal of reducing extreme risks through reforms, aiming for a financial system that requires no bailouts for any entities, 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 did not make a definitive commitment to rule out bailouts. Source: Bloomberg Podcasts