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Pat Toomey
'Quite Unlikely' Crypto Legislation Gets to President's Desk in Current Congress: Former Sen. Toomey
Though the digital assets industry is desperate for regulatory clarity in the U.S., and is fighting legal skirmishes with the SEC while it waits for answers, the long-awaited congressional solution isn’t coming any time soon, according to former U.S. Senator Pat Toomey. "It's quite unlikely that legislation gets all the way to the President's desk and signed into law in this Congress. However, there is real important progress being made," Toomey said.
SEC Seeing Most Cryptocurrencies as Securities Is 'Ridiculous': Former Sen. Pat Toomey
U.S. House lawmakers have been making strides in crypto regulation, but could the recent flurry of legislative progress become law? Former Sen. Pat Toomey (R-Pa.) discusses the outlook for regulatory clarity and why "we still have a ways to go" as the SEC pushes for more industry oversight. Plus, insights into Toomey joining Coinbase's global advisory council and his central bank digital currency (CBDC) outlook.
Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
Former Sen. Pat Toomey is pessimistic about legislation moving through this term, but it may be more likely in the next Congress.
Sen. Pat Toomey on FTX Collapse: 'Code Committed No Crime'
"Code committed no crime," Sen. Pat Toomey (R-Pa.) said Wednesday during a U.S. Senate hearing on the collapse of Sam Bankman-Fried's crypto exchange FTX. "With FTX, the problem was not with the instruments that were used. The problem was the misuse of customer funds."
Senate Committee to Subpoena FTX's Sam Bankman-Fried if He Does Not Testify Voluntarily
The Senate Banking and House Financial Services committees are holding hearings on FTX's collapse next week.
FTX Collapse Sparks Alarm From US Lawmakers
Lawmakers called for financial regulators to investigate the situation and suggested further legislation is needed.
US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says
Sen. Pat Toomey said whistleblowers had informed him the FDIC was pressuring banks to stop providing services to crypto companies.
US Lawmakers Move to Clarify Definition of 'Brokers' in 2021 Infrastructure Law
The bill would exclude miners, stakers and other parties who may not have the tax reporting information needed to otherwise comply.
US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.
Top GOP Senator Slams SEC for Ignoring Crypto Turmoil
The ranking Republican on the Banking Committee accused the agency of failing to provide regulatory clarity that could have prevented Celsius' bankruptcy and other recent industry damage.
