Defi
Fed Chair Kevin Warsh Rules Out Crypto Bailouts as GENIUS Act Deadline Nears
CoinCentral·July 17, 2026·1 min read
Federal Reserve Chair Kevin Warsh told lawmakers the Fed will not bail out failing crypto firms, as the GENIUS Act stablecoin rules face a July 18 deadline. The stablecoin market is valued near $310 billion. Senator Elizabeth Warren questioned Warsh over a $100 million share sale. Warsh stated the Fed is not in the bailout business.
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