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Fed Chair Warsh Rejects Crypto Bailout in Crisis

2026-07-16 18:36:05

Abstract generation in progress

Federal Reserve Chair Kevin Warsh told lawmakers on July 14 that the Fed does not want to rescue the cryptocurrency industry in a crisis. Warsh also said the Fed is racing to publish GENIUS Act stablecoin rule proposals before a deadline, with the stablecoin market near $310 billion.

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