Patrick Toomey actually said...

We have introduced the Taxpayer Protection and Responsible Resolution Act that addresses this too big to fail and this bailout risk head-on.

Toomey discusses legislation aimed at preventing taxpayer bailouts of failing institutions.

07/28/2015

More Patrick Toomey Quotes

any regulatory regime that is devised to apply to a particular technology at a particular moment in time is going to be particularly vulnera...

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

imposing regulation for insured depository institutions on stablecoins, which hold 100 percent short-term liquid reserves and are designed f...

some of our witnesses today seem to think that stablecoins are unlikely to ever serve any purpose other than facilitating cryptospeculation.