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

Crypto Insight Summary: 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 […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH / Bearish Stablecoins Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Fed's explicit refusal to support crypto in crisis undermines market confidence and stability.