Fed Chair Says No Industry, Including Crypto, Should Expect Bailouts

The post Fed Chair Says No Industry, Including Crypto, Should Expect Bailouts appeared first on Coinpedia Fintech News

Federal Reserve Chair Kevin Warsh said the Fed does not want to be in the business of bailing out any sector, including the cryptocurrency industry, during a July 14 hearing before the U.S. House Financial Services Committee. Warsh said financial system reforms should reduce the need for future rescues. However, when asked whether the Fed …