Federal News
Senate Proposes No Bailout for Crypto Act
March 20, 2026
U.S. Senator Dick Durbin introduced the No Bailout for Crypto Act in the Senate to prohibit federal financial assistance or bailouts for cryptocurrency companies in the event of economic downturns or mass bankruptcies. The bipartisan bill aims to protect taxpayers from bearing the financial risks associated with the volatile crypto industry. This legislative effort reflects growing congressional attention on regulating crypto market risks and limiting federal exposure to crypto sector failures.
- Procurement professionals should note potential impacts on federal financial risk management and oversight related to crypto-related contracts or investments.
- Contractors and vendors in the crypto space may face increased regulatory scrutiny and reduced likelihood of federal financial rescue in crisis scenarios.
- Agencies involved in financial services procurement should evaluate how this legislation could influence future crypto-related contract terms and risk assessments.
- Organizations engaged in crypto technology or services should consider the implications of limited federal support in their business continuity and compliance planning.
When crypto crashes, everyday Americans should not be on the hook for saving a failed industryas they were during the 2008 financial crisis. That only punishes hardworking Americans despite no wrongdoing of their own.
— Dick Durbin, U.S. Senate Democratic Whip
Agencies
U.S. Senate, Federal Reserve, U.S. Department of the Treasury
Vendors
Binance, World Liberty Financial
Locations
Sources
- Durbin Introduces No Bailout For Crypto Act | U.S. Senator Dick Durbin of Illinois · Durbin Senate · Mar 20