US SB4157

Prohibits federal agencies from providing financial assistance to digital asset intermediaries, service providers, distributed ledger protocols, or decentralized finance trading protocols to prevent their failure or bankruptcy

Bars digital asset market participants from accessing Federal Reserve emergency liquidity facilities established under section 13(3) of the Federal Reserve Act

Prohibits the Treasury Secretary from using the Exchange Stabilization Fund to benefit any digital asset intermediary, service provider, or protocol

Preserves the Federal Reserve's existing authority to lend to traditional depository institutions under section 10B of the Federal Reserve Act

Introduced March 19, 2026 by Senator Durbin with co-sponsors Warren, Welch, Sanders, Smith, and Hirono; referred to the Committee on Banking, Housing, and Urban Affairs