Pat Toomey (US Sen. ret.)

@SenToomey ↗

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Last Checked Sept. 29, 2022

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Mon Apr 11 16:16:58 +0000 2022

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Pat Toomey (US Sen. ret.) @SenToomey

This short-sighted action—taken without a Senate-confirmed chairman or legislation—could have a chilling effect on any bank considering offering crypto services. — PolitiTweet.org

Posted April 11, 2022

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Pat Toomey (US Sen. ret.) @SenToomey

The @FDICgov's restrictive new #crypto reporting requirement is the latest effort to illegitimately discourage banks from offering digital assets. Fintechs and other non-banks are permitted to enter this field—banks should be able to, too. — PolitiTweet.org

.@FDICgov has asked its banks to report “crypto-related activities,” citing potential “safety and soundness risks a… https://t.co/Z46s2G56P9

Posted April 11, 2022

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Pat Toomey (US Sen. ret.) @SenToomey

Rather than reflexively pumping the brakes on banks using new technologies like crypto and stablecoins, regulators should provide clear pathways for innovation with Congressional authorization. The FDIC’s directive underscores the need for Congress to provide regulatory clarity. — PolitiTweet.org

Posted April 11, 2022