Pat Toomey (US Sen. ret.)

@SenToomey ↗

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Last Checked Sept. 29, 2022

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Mon Apr 11 16:16:59 +0000 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

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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

That’s why I recently released the Stablecoin TRUST Act, which allows stablecoin issuers to choose from three different options: obtaining a new federal license, operating under state authority, or becoming a bank. — PolitiTweet.org

Posted April 11, 2022