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FRB Chair Wash, No Bailouts for Cryptocurrencies, Testifies

2026/07/16 17:47 (Updated 2026/07/16 18:00)
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Written by Enzo
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FRB Chair Wash, No Bailouts for Cryptocurrencies, Testifies

No Bailouts for Cryptocurrencies, FRB Chair Asserts in Congressional Testimony

During a U.S. House Financial Services Committee hearing on July 14, Federal Reserve Board Chair Kevin Wash stated that there would be no bailouts for the cryptocurrency industry, even in the event of a crisis. This statement was made during his first congressional testimony as FRB Chair. Democratic Representative Brad Sherman questioned Chair Wash on the potential response should a stablecoin issuer fail or if a general panic occurs within the industry. Chair Wash emphasized...

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Iolite Vol.20

Iolite Vol.20

July 2026 issueReleased on 2026/05/29

Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.

MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.