No Bailout for Crypto Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4157 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4157 To prohibit bailouts of digital asset market participants, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 19, 2026 Mr. Durbin (for himself, Ms. Warren, Mr. Welch, Mr. Sanders, Ms. Smith, and Ms. Hirono) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To prohibit bailouts of digital asset market participants, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Bailout for Crypto Act''. SEC. 2. PROHIBITION ON BAILOUTS OF DIGITAL ASSET MARKET PARTICIPANTS. (a) Definitions.--In this section: (1) Blockchain.--The term ``blockchain'' means technology-- (A) through which data is shared across a network that creates a public blockchain of verified tran…