Fed Chair Says No Industry, Including Crypto, Should Expect Bailouts

Published by

Nidhi Kolhapur

July 16, 2026

fed meeting today will bitcoin price break above $67k or face another sell off

Federal Reserve Chair Kevin Warsh said the Fed does not want to be in the business of bailing out any sector, including the cryptocurrency industry, during a July 14 hearing before the U.S. House Financial Services Committee. Warsh said financial system reforms should reduce the need for future rescues. However, when asked whether the Fed would intervene if stablecoins or the broader crypto market faced a run, he did not rule out support under all circumstances, leaving the possibility open.

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