Patrick Toomey actually said...

If a fund is going to break the buck, it is going to break the buck, and capital support is there.

Toomey discusses the implications of capital support on money market funds.

06/20/2012

More Patrick Toomey Quotes

in my view, a non-interest bearing stablecoin, fully reserved and regulated as many stablecoin issuers are today, as money transmitters, tho...

the SEC (and the CFTC) should continue to oversee the stablecoins under their jurisdiction.

[c]ommercial entities should be eligible to issue stablecoins, provided they choose one of these regimes.

Thank you for allowing me to briefly introduce Dr. Amy Gutmann and express my strong support for her nomination to be our next U.S. Ambassad...