Pat Toomey (US Sen. ret.) (@SenToomey) on X (original) (raw)

Twitter account for former-U.S. Senator Pat Toomey. Husband. Father.

• Pat Toomey (US Sen. ret.) reposted
  
  A quick note on U.S. crypto ownership & usage. Estimates vary based on who is asking and how. The
  @federalreserve
  focuses on recent usage, while independent polls track ownership.Bottom line: all credible data points to tens of millions of Americans engaging with crypto. • The
• 
  Congrats to
  @SenatorTimScott
  ,
  @SenLummis
  , and all the Senators who voted to advance Clarity in the Banking Com. yesterday. Big step forward for American innovation and consumers. Next, the Senate floor!
• 
  Gov’t shouldn’t complicate what the market already does well. These interchange fee bills in PA and DE could disrupt payments for consumers, create new burdens for small businesses, and make earning tips harder. Read my newest op-ed in
  @PhillyInquirer
  :
• 
  For working families, homeownership has only gotten tougher. Coinbase has a smart new product—expanding access to homeownership without compromising standards. Our financial system needs to evolve with how people actually build wealth, today.
• Pat Toomey (US Sen. ret.) reposted
  
  The
  @SECGov
  and
  @CFTC
  joint interpretive release on crypto is a big deal. Since the 1970s, the agencies have been locked in a jurisdictional battle. They’ve sued each other, banned entire products (like single-stock futures for 20 years), and left innovators in a "no-man's land."
• 
• 
  Current banking regulations incentivize over-reporting and account closures, often without explanation.
  @EconWithNick
  notes: Americans deserve fair access to banking and clear due process protections. That’s a regulatory failure Congress should fix.
• 
  Stephen Gandel is right about banks’ claim that stablecoins will pull deposits from the banking system on aggregate—it’s not possible. Read why:
• Pat Toomey (US Sen. ret.) reposted
  
  In Brussels today at the European Parliament
  @Europarl_EN
  a full house gathered to discuss tokenization in the future of Europe’s financial system. Great to see the momentum behind blockchain infrastructure in Europe, and to see my
  @coinbase
  colleague Roeland Van Der Stappen
• 
  Check out my op-ed in today’s Financial Times on why stablecoins holders should be allowed to earn interest:
• 
  Check out my LTE in today’s WSJ:
• 
  Gov’t capping credit card int. rates at 10% won’t help consumers. It will restrict lending, raise costs, and reduce choice. If lenders can’t be compensated for the risk of unsecured lending, they will stop lending. And consumers will have to turn to more expensive alternatives