Crypto

Fed Chair Warsh: No Bailout for Crypto Industry in Crisis

Bitcoin Magazine Fed Chair Warsh: No Bailout for Crypto Industry in Crisis Federal Reserve Chair Kevin Warsh said the Fed will not bail out failing crypto firms, insisting the industry must bear its own risks while regulators finalize rules under the GENIUS Act. This post Fed Chair Warsh: No Bailou

Source: Bitcoin Magazine

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DW NOTE

Warsh was a governor during the 2008 rescues — he knows what bailouts cost and who pays for them. The real test isn't whether he declines to rescue crypto firms in testimony, it's whether he holds that line when a systemically connected exchange fails and takes pension funds with it.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

Fed Chair Warsh: No Bailout for Crypto Industry in Crisis

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