Patrick Toomey actually said...

I do not think we need a State-sponsored bank interfering with this very successful free enterprise system.

But we should not lose sight of the tremendous benefits that the underlying technology that digital currencies offer.

China, after all, has a State-controlled economy, has a repressive authoritarian Government that has got capital controls on the yuan.

Nor do we want a Government entity like the Fed positioned to possibly infringe on our privacy.