pat toomey

CDCROP: Sam Bankman-Fried speaks at Consensus C22 (CoinDesk)
Senate Committee to Subpoena FTX's Sam Bankman-Fried if He Does Not Testify Voluntarily
The Senate Banking and House Financial Services committees are holding hearings on FTX's collapse next week.
CDCROP: Sam Bankman-Fried speaks at Consensus C22 (CoinDesk)

CDCROP: Sens. Pat Toomey, Cynthia Lummis and Rep. Patrick McHenry at Consensus 2022 (Shutterstock/CoinDesk)
FTX Collapse Sparks Alarm From US Lawmakers
Lawmakers called for financial regulators to investigate the situation and suggested further legislation is needed.
CDCROP: Sens. Pat Toomey, Cynthia Lummis and Rep. Patrick McHenry at Consensus 2022 (Shutterstock/CoinDesk)

CDCROP: U.S. Sen. Pat Toomey (Anna Moneymaker/Getty Images)
US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says
Sen. Pat Toomey said whistleblowers had informed him the FDIC was pressuring banks to stop providing services to crypto companies.
CDCROP: U.S. Sen. Pat Toomey (Anna Moneymaker/Getty Images)

U.S. Senators Pat Toomey (left) and Cynthia Lummis (Kevin Dietsch/Getty Images)
US Lawmakers Move to Clarify Definition of 'Brokers' in 2021 Infrastructure Law
The bill would exclude miners, stakers and other parties who may not have the tax reporting information needed to otherwise comply.
U.S. Senators Pat Toomey (left) and Cynthia Lummis (Kevin Dietsch/Getty Images)

CDCROP: Chairman Sherrod Brown, D-Ohio, left, and ranking member Sen. Pat Toomey, R-Pa. (Tom Williams-Pool/Getty Images)
US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.
CDCROP: Chairman Sherrod Brown, D-Ohio, left, and ranking member Sen. Pat Toomey, R-Pa. (Tom Williams-Pool/Getty Images)

Senator Pat Toomey (R-Pa.)
Top GOP Senator Slams SEC for Ignoring Crypto Turmoil
The ranking Republican on the Banking Committee accused the agency of failing to provide regulatory clarity that could have prevented Celsius' bankruptcy and other recent industry damage.
Senator Pat Toomey (R-Pa.)

Coindesk placeholder image
Stablecoins Could Still Dominate Post-Terra, S&P Says
Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.
Coindesk placeholder image

Washington’s Crypto Awakening: The Lawmaker Town Hall, Consensus 2022 by CoinDesk, Austin Convention Center, Austin, Texas, USA - 10 Jun 2022
US Stablecoin Law Could Actually Pass This Year, Lawmakers Say
The collapse of terraUSD only added extra fuel to the fire for those saying the sector needs regulatory clarity, and fast.
Washington’s Crypto Awakening: The Lawmaker Town Hall, Consensus 2022 by CoinDesk, Austin Convention Center, Austin, Texas, USA - 10 Jun 2022

Sen. Pat Toomey (R-Pa.) introduced a proposed bill to regulate asset-backed stablecoins last month. (Kevin Dietsch/Getty Images)
'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
Sen. Pat Toomey (R-Pa.) introduced a proposed bill to regulate asset-backed stablecoins last month. (Kevin Dietsch/Getty Images)

Treasury Secretary Janet Yellen highlighted the difficulties of UST during a Senate Banking Committee hearing on risks to the financial system. (Elizabeth Frantz-Pool/Getty Images)
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
Treasury Secretary Janet Yellen highlights latest news on UST algorithmic stablecoin losing its dollar peg during Senate Banking Committee hearing.
Treasury Secretary Janet Yellen highlighted the difficulties of UST during a Senate Banking Committee hearing on risks to the financial system. (Elizabeth Frantz-Pool/Getty Images)