Patrick Toomey actually said...

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

Notes skepticism towards stablecoins from traditional financial sectors.

12/13/2021

More Patrick Toomey Quotes

I concur with the Chair and strongly support this bill

I am very sympathetic with the goals of this legislation, but I do have some concern about unintended consequences.

I worry that large powerful incumbent businesses might attempt to use CFIUS as a way to protect their status.

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