Federal Reserve Chair Kevin Warsh stated that no industry, including cryptocurrency, should expect bailouts from the Fed. During a July 14 hearing before the U.S. House Financial Services Committee, Warsh emphasized that financial system reforms aim to reduce the need for future rescues.
When asked if the Fed would intervene in case of a stablecoin or broader crypto market run, Warsh did not rule out support under all circumstances, leaving the possibility open.