CONGRESS FOR VOTERS

DemocratBill · S. 4157· Senate(119-S-4157)

No Bailout for Crypto Act

Rep. Durbin
Age: 82 years
Illinois
Introduced
3/19/2026
Last activity
3/19/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1380)
Sponsored by
Richard Durbin
Cosponsors
Democrat - 5Republican - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

The "No Bailout for Crypto Act" aims to prevent federal intervention in the digital asset market. It specifically prohibits Federal agencies from providing financial assistance to various entities, including digital asset intermediaries and decentralized finance trading protocols, to prevent failure or bankruptcy. Additionally, it denies these entities access to emergency liquidity facilities under the Federal Reserve Act. The bill also bars the Secretary of the Treasury from using the Exchange Stabilization Fund for the benefit of these digital asset participants. However, these prohibitions do not change the Federal Reserve's authority to lend to depository institutions.

Yes

  • Does this reduce what the federal government spends?+5

    The bill prevents the use of federal agencies and the Exchange Stabilization Fund to provide financial assistance to digital asset entities.

  • Does this make the government pay for what it commits to?+5

    The bill restricts the government's ability to provide bailouts to digital asset market participants using federal funds.

The opposite

  • Would business owners be better off under this?-6

    Digital asset intermediaries and service providers are prohibited from receiving federal financial assistance or emergency liquidity to prevent bankruptcy.

  • Would people with substantial wealth be better off under this?-5

    Digital asset participants, which often include high-net-worth investors, are denied access to emergency liquidity and federal assistance.