$APE
Cooling DownSnapshot Window: 2026-07-14 20:40 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
FED CHAIR WARSH: "WE'RE NOT BAILING OUT ANYBODY, INCLUDING CRYPTO" Warsh told Congress he still carries "scars from the 2008 financial crisis" when asked whether the Fed would bail out stablecoins and cryptocurrency the way his predecessor provided a "liquidity function" for [Spoken audio]: I still have the scars from the 2008 financial crisis we all have the scars from The extraordinary efforts that my colleagues and I under chairman Bernanke's leadership had to do that is not something We want to repeat can you assure us that we need you will not be bailing out? Stablecoin and cryptocurrency, so I don't want to I can be more broadly than that We do not want to be in the bailout business full stop But your predecessor did provide a liquidity function for stable, for money market funds. If God forbid we faced a similar circumstance in the crypto world, would you bail them out? So I want to be very clear. We're going to do everything we can to mitigate those sorts of extraordinary risks. If and when they were to come in the next four years, years, we want to be in a position where we're not bailing out anybody, including crypto.
