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.

Fed Chair Kevin Warsh launches a task force to overhaul Fed communications while maintaining hawkish policy, triggering $111M in Bitcoin ETF outflows.

Fed Chair Kevin Warsh says no balancing test is needed for policy evaluation, signaling a potential hawkish shift with implications for crypto and risk