Patrick Toomey actually said...

"Given that stablecoins disrupt the status quo, they've naturally drawn skepticism from incumbent industries and regulators."

"These principles recognize that stablecoins are a very important innovation and they introduce new capabilities into money that did not previously exist."

"I will continue to work with the financial watchdogs to ensure they have the tools they need to protect people's hard-earned money and our economic recovery from another bubble and another crash."

"I was encouraged that the report acknowledged that responsibility for clarifying whether, and to what extent, Federal agencies have jurisdictions over stablecoins is a question that rests with Congres..."