Fed Chair Kevin Warsh Tells Congress U.S. Should Not Bail Out Crypto

Fed Chair Kevin Warsh told Congress that the United States should not bail out any sector, including crypto, during his semiannual monetary policy report. The statements came as part of the Fed chair's regular testimony to lawmakers on the state of monetary policy.

Warsh delivered the remarks in his capacity as Fed chair during the semiannual report to Congress. The testimony covered both the Fed's monetary policy stance and the limits of government support for specific industries.

Warsh said the U.S. should not provide bailouts to any sector.

“The US should not bail out anyone, including crypto.”