Pat Toomey (US Sen. ret.)
@SenToomey
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Twitter account for former-U.S. Senator Pat Toomey. Husband. Father.
Joined November 2010
https://t.co/dthKli2gcC Check out my interview with Paul Gigot from Saturday.
foxnews.com
Former Sen. Pat Toomey, R-Pa., joins 'Journal Editorial Report' to discuss the economy after 119,000 jobs were added in September, a poll showing a majority of Americans have a negative view of the...
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aMomentum for fair access is growing, thanks to @POTUS' executive order and new action in Congress. @SenThomTillis' bill is clear: fair banking access shouldn’t depend on politics. Congress must keep refining reforms to ensure permanent protections against regulatory abuse.
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Very constructive:
Big news from @federalreserve governor Chris Waller announcing a potential skinny master account to facilitate payments. By giving non-banks direct Fedwire/ACH access, Waller's proposal enables stablecoin issuers & tokenized asset platforms to settle on-chain transactions without
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Congress & the Admin have a historic chance to end regulatory overreach & stop needless account closures. Banks must be free to assess risk & serve clients/shareholders fairly. More from @dlibsen in @dcexaminer:
washingtonexaminer.com
Americans are best supported by a financial system that serves customers, follows the law, and is insulated from government weaponization.
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This is a powerful demonstration that the industry is united behind an important principle: developers should not be liable for the misdeeds of others:
1/ Today, we are proud to join @fund_defi and 110+ other crypto companies and organizations in reaffirming what @paradigm has said unambiguously for years: Any market structure legislation must protect developers. This is non-negotiable.
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There’s a lot of debate about why the Trump tariffs haven’t been fully passed through to consumers and why financial markets seemed unfazed. Maybe it’s because decision makers know that POTUS has no authority to implement these taxes and courts are likely to strike them down.
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Ed Feulner was a great American. He did so much to shape and build the conservative movement. He was a happy warrior who never wavered from the American values of limited government, personal freedom, a market economy and a strong defense. He was also a kind and gracious man. RIP
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Congrats to the House of Reps on bipartisan passage of three essential crypto bills! GENIUS now goes to POTUS for his signature and Americans finally get the stablecoin reg. framework we need! CLARITY puts mkt structure squarely in the Senate’s court. Let’s get it done!
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Good flag by Faryar:
Important piece in @nytimes by @AtlanticCouncil’s @joshualipsky on the future of the dollar. As Josh points out, US$ dominance is being undermined by new payment systems being developed internationally with the goal of ending the US's position at the center of global money
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The Senate made history yesterday with a huge, bipartisan vote for the GENIUS Act. Congratulations to Sen. Bill Hagerty and Sen. Kirsten Gillibrand on their leadership.
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47-6! Huge bipartisan vote in support of the CLARITY Act in the House Agriculture Committee. Big thanks to @CongressmanGT @RepDustyJohnson @AngieCraigMN @DonDavisNC @HouseAgGOP @HouseAgDems.
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Blockchain technology has transformative potential—but only if we create clear rules and regulations. We’ve updated old laws to empower innovation before, and we can do it again. Good to see @FinancialCmte keeping momentum going with the markup tomorrow.
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We’re closer than ever to passing sensible crypto legislation and it can’t come soon enough. Thanks for having me on to discuss this and more, @bloombergTV.
bloomberg.com
Former US Senator and member of the Coinbase Global Advisory Council Pat Toomey discusses crypto regulation and says there is no guarantee we’ll dominate the space ‘unless we pass sensible legislat...
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Great thread from Faryar. He’s right. Stablecoins will play a transformative role in the payments space and beyond. The senate must pass the GENIUS Act so the US can lead this tech.
Passing stablecoin legislation is an urgent national priority. The future of finance will be built on blockchain infrastructure - and the US needs a trusted, digitally native US dollar to compete in an increasingly onchain global economy. The GENIUS Act isn’t perfect but it goes
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My LTE from yesterday’s WSJ re putting economic growth at the center of tax reform: https://t.co/Is3hfs38hH
wsj.com
Congressional Republicans shouldn’t forget the many voters who elected them expecting economic growth.
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Congrats to Summer Mersinger on becoming the CEO of Blockchain Association! She brings a great background at a very important moment for crypto. Outgoing CEO Kristin Smith will be missed. She did a great job building BA into a strong and influential organization. Good luck KS!
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Coinbase’s acquisition of Deribit is a defining moment for the crypto markets. With Deribit’s dominance in options and Coinbase’s existing scale in futures and perps, this deal creates a derivatives powerhouse. It’s a strategic leap that will shape the global financial landscape.
We are acquiring @DeribitOfficial to build the most powerful global crypto platform—bringing spot, futures, and options together under one roof.
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Thank you to @ForFreeMarketsfor the opportunity to speak with @BrendanPedersen on the important issue of America’s “debanking” abuse. We had a productive discussion on the need to rein in government overreach and safeguard our free markets. More:
forfreemarkets.org
In case you missed it, Americans for Free Markets hosted a fireside chat between former U.S. Senator Pat Toomey and Punchbowl News’ Brendan Pedersen last week on Capitol Hill, where they discussed a...
In a wide-ranging conversation with @BrendanPedersen on Capitol Hill last night, @SenToomey shed light on the harmful overreach of unaccountable bureaucrats – fueling the “debanking” crisis. Congress and the Trump administration must continue their work to address this.
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Washington Must Rollback Democrat-Era Regulatory Abuses | Opinion
newsweek.com
A depoliticized financial sector is vital not only to protect individual industries, but to uphold broader American principles of free enterprise, innovation, and opportunity.
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Faryar and Brain Armstrong are right!
Legislation can always be improved, but delays are rarely a constructive way to improve a bill and still get it passed. Both parties need to come together to begin Senate debate on the Genius Act.
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