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‘We Do Not Want to Be in the Bailout Business’: Fed Chair Warns Crypto Is on Its Own

Federal Reserve Chair Kevin Warsh told the House Financial Services Committee on Tuesday that the central bank has no interest in bailing out crypto or stablecoins if the sector faces a run, drawing a firm line during his first congressional testimony since taking the job. Warsh appeared before the committee for the Fed’s Semi-Annual Monetary…

Fed Chair Kevin WarshFederal Reserve Chair Kevin Warsh told the House Financial Services Committee on Tuesday that the central bank has no interest in bailing out crypto or stablecoins if the sector faces a run, drawing a firm line during his first congressional testimony since taking the job. Warsh appeared before the committee for the Fed’s Semi-Annual Monetary […]

Source: https://news.bitcoin.com/we-do-not-want-to-be-in-the-bailout-business-fed-chair-warns-crypto-is-on-its-own/