No Bailout for Crypto Act

This bill, titled the No Bailout for Crypto Act, prohibits the U.S. government from providing financial assistance to companies and systems involved in digital asset activities to prevent their failure or bankruptcy. It specifically bars Federal agencies from using emergency liquidity facilities, the Exchange Stabilization Fund, or other taxpayer resources to support digital asset intermediaries, decentralized finance protocols, or regulated financial service providers operating in the digital asset space. The legislation aims to establish a clear rule that digital asset market participants cannot receive taxpayer-funded bailouts, while maintaining the Federal Reserve's existing authority to lend to traditional depository institutions.