Pat Toomey News

03.02 / 22:17

Government regulation FTX Congress hearing US Congress to hold ‘crypto crash’ hearing on Feb. 14

United States lawmakers with the Senate Banking Committee have scheduled a second hearing exploring the impact of a crypto market crash.

12.07 / 15:53

Blockchain Target Digital regulation Opinion crypto regulation Courts Former US Official Accuses Regulators of Targeting Crypto with ‘Debanking’ Campaign

A former United States government official has accused federal regulators of targeting the cryptocurrency industry through a campaign of “debanking.”

20.06 / 17:47

Fighting Election Bill President War Freedom Mike Pence's foundation launches a $10 million election-year campaign to preserve Trump-era tax cuts

Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts

30.08 / 06:07

Grayscale crypto regulation us sec Sec Chair US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling

US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday.

10.07 / 21:07

Government regulation Congress Winter Olympics lawmakers CCP US lawmakers Prometheum US lawmakers allege CCP connection in calling for SEC, DOJ investigation of Prometheum

Six members of the United States Congress have called on the U.S. Securities and Exchange Commission (SEC) and Department of Justice to investigate Prometheum, claiming the firm has ties to the Chinese Communist Party.

03.07 / 12:37

Digital Extreme SEC coinbase Sec Chair Senators Senators Grill SEC Chair Over Cryptocurrency Definition

Cryptocurrencies are often hard for many to understand, but some U.S. senators say the government is making it worse by keeping how it defines crypto investments under wraps.

02.02 / 18:33

Law regulation Congress committee Senate Banking Committee's priorities for new Congress include crypto: Report

South Carolina Senator Tim Scott, the Republican ranking member on the United States Senate Banking Committee, reportedly plans to develop “a bipartisan regulatory framework" for cryptocurrencies.

30.01 / 23:15

regulation Senate Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.

27.01 / 04:11

Adoption Payments Food Congress Senate US Senator Ted Cruz pushes for crypto in Congress... using snacks

Texan Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.

22.12 / 08:55

Blockchain Stablecoin Adoption Stablecoin Bill US senator Toomey introduces stablecoin bill as congressional session wraps up

Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.”

15.12 / 00:03

Law regulation Congress hearing Senate FTX hearing: calls for regulation and crypto criticisms aplenty

United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange.

09.12 / 06:55

business regulation Congress Senate Fried Sam Sam Bankman-Fried misses deadline to respond to testimony request, now what?

Crypto’s public enemy number one, Sam Bankman-Fried has missed a crucial deadline to confirm his appearance at an upcoming Senate Committee hearing.

14.10 / 16:07

UPS Digital SEC SEC crypto US Senator Hickenlooper Says SEC Crypto Regulation is ‘needed now’

In a push for more regulations of the crypto industry, US Democratic Senator John Hickenlooper has called on the Securities and Exchange Commission (SEC) to intensify its work on digital asset oversight.

18.08 / 01:05

Provident regulation Action Crypto Companies Senator asks FDIC about allegations it discourages bank relations with crypto companies

Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whistleblower concerning FDIC activities. The senator suspects the FDIC “may be improperly taking action to deter banks from doing business with lawful cryptocurrency-related (crypto-related) companies.”

29.07 / 11:41

regulation SEC lending Pat Toomey blames the SEC for crypto lending platform crisis

According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their deposits in June.

09.06 / 14:45

Citi Kansas City Fed Rescinds Master Account for Payments Firm, GOP Senator Says

WASHINGTON—The Federal Reserve Bank of Kansas City revoked the so-called master account of a payments firm that came to prominence earlier this year when Republican senators raised questions over how that account had been granted, according to a letter sent by Sen. Pat Toomey (R., Pa.).

20.05 / 01:07

Some Fed Officials Face Heat for Wading Into Hot-Button Issues

A regional Federal Reserve leader’s foray into a Minnesota education campaign has reinvigorated a debate over whether the central bank’s increasingly expansive policy and research interests are going beyond what Congress intended for the central bank.

10.05 / 19:51

Government Law Stablecoin stablecoin regulation US Treasury Secretary reaffirms need for stablecoin regulation following UST crash

United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a "consistent federal framework” on stablecoins to address risks to financial stability.

13.04 / 14:27

GOP Senator Criticizes Minneapolis Fed Over Education Issue

A Republican senator has accused the leader of the Federal Reserve Bank of Minneapolis of inappropriately involving the institution in political activity.

08.04 / 23:11

markets Facebook Ethereum Stablecoin Bears Pro traders turn into bears after Ethereum price dropped to $3,200

After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place.

07.04 / 02:13

Government Law Stablecoin Toomey drafts bill to exempt stablecoins from securities regulations

Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States.

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