No Bailout for Crypto Act

This legislation prohibits federal agencies from providing financial assistance, bailouts, or emergency liquidity to digital asset market participants. The prohibition applies to digital asset intermediaries, service providers, distributed ledger protocols, decentralized finance (DeFi) trading protocols, and traditional financial institutions engaging in digital asset activities. Additionally, it explicitly bars these entities from accessing emergency liquidity facilities under the Federal Reserve Act and prevents the use of the Exchange Stabilization Fund for their benefit.