Regulation and the Evolution of Money, With Senator Pat Toomey

This episode is sponsored by Nexo.io and Quantstamp.

Sen. Pat Toomey (R-Pa.) joins “Money Reimagined” with Sheila Warren and Michael Casey to reflect on the impact of the infrastructure bill, explain the difficulties of applying regulation to an evolving technology and take a look at where policy on stablecoins and token investing might be headed.

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When the infrastructure bill introduced language that could be damaging to the crypto industry, a bipartisan group including Sens. Toomey, Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) proposed an amendment. Crypto stood out as common ground in a polarizing era of politics.

In the time since then, regulators have struggled to fit crypto into existing regulatory frameworks. U.S. President Joe Biden’s recent executive order, signed the day after this episode was recorded, addressed some of these challenges by directing federal agencies to unify their efforts toward regulating crypto.

See Also: Biden Issues Long-Awaited US Executive Order on Crypto

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and additional production support by Eleanor Pahl. Our theme song is “Shepard.”