Patrick Toomey actually said...

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 Congress.

Context

Toomey notes Congress's role in determining regulatory authority over stablecoins.

12/13/2021

https://www.congress.gov...

More Patrick Toomey Quotes

[c]ommercial entities should be eligible to issue stablecoins, provided they choose one of these regimes.
12/13/2021
I think it is profoundly in the American national interest and in our public interest that we have options for how people can move money in ...
12/13/2021
the more specialized the regulator, the more opportunities there are for the industry to 'capture' the regulator.
12/13/2021
I worry about whether Ex-Im is taking adequate steps to ensure that its financing deals are not subject to some kind of corruption.
12/6/2021

View All Patrick Toomey Quotes