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Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of Representatives. дальше »
2023-9-22 21:31 | |
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Coinbase sets up advisory council including US lawmakers, private strategists
Coinbase said May 12 that it established a Global Advisory Council intended to help it navigate the regulatory landscape. The council will include Senator Patrick Toomey (R-PA), a lawmaker known for advancing pro-crypto regulation and criticizing SEC chair Gary Gensler. дальше »
2023-5-13 23:31 | |
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Senate Banking Committee’s priorities for new Congress include crypto: Report
Senator Tim Scott, who became the committee ranking member following the departure of Pat Toomey, reportedly plans to make a crypto regulatory framework a priority in 2023. дальше »
2023-2-3 18:28 | |
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US Senator Toomey unveils permissive stablecoin bill prior to retirement
Soon-to-be retired United States senator Pat Toomey introduced a bill on December 21 that could pave the way for a more open stablecoin framework beginning next year. The post US Senator Toomey unveils permissive stablecoin bill prior to retirement appeared first on CryptoSlate. дальше »
2022-12-22 18:30 | |
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Outgoing U.S. senator Pat Toomey introduces Stablecoin TRUST Act
Outgoing Pennsylvania Senator Pat Toomey introduced the Stablecoin TRUST Act. Toomey has said that the FTX disaster was caused not by the operations of cryptocurrency, but by the improper or frThe post Outgoing U. дальше »
2022-12-22 11:30 | |
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Senate FTX hearing: calls for regulation and crypto criticisms aplenty
"Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped," said Senator Pat Toomey.
дальше »2022-12-15 23:15 | |
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Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator
US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, the legislator took aim at the US Congress, suggesting that if the house had passed regulations on custody for the industry earlier, the FTX implosion could have been avoided. “It certainly appears […] дальше »
2022-11-18 23:56 | |
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Bitcoin For Your Retirement? This U.S. Bill Wants To Make It Happen
U. S. Citizens might be able to invest in Bitcoin and digital assets as part of their pension and retirement plans, according to the Retirement Savings Modernization Act. Introduced by U. S. Senators Pat Toomey, Tim Scott, and Representative Peter Meijer. дальше »
2022-9-30 23:21 | |
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Senator Toomey: Crypto is ‘sufficiently different’ from stocks or bonds
Sen. Pat Toomey (R-PA) a ranking member of the US Senate Banking Committee says Congress needs to step in on the issue of cryptocurrency regulation. Particularly, Sen. Toomey points to the US Securities and Exchange Commission (SEC), through its Chair Gary Gensler, hasn’t provided anything as much as regulatory clarity on how existing frameworks on […] The post Senator Toomey: Crypto is ‘sufficiently different’ from stocks or bonds appeared first on Invezz. дальше »
2022-9-15 18:52 | |
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Senator asks FDIC about allegations it discourages bank relations with crypto companies
Sen. Pat Toomey says he has information from whistleblowers that the FDIC, without a legal basis, is discouraging banks from dealing with companies that have crypto links. дальше »
2022-8-18 00:56 | |
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US Senate Republican Seeking Bipartisan Support for Stablecoin Effort
The top Republican on the U.S. Senate Banking Committee, Sen. Pat Toomey (R-Pa.), said he’s dealing with Democrats to make his earlier proposal on stablecoin oversight a bipartisan effort, and Chairman Sherrod Brown (D-Ohio) confirmed he’s been involved in the discussion. дальше »
2022-7-28 19:18 | |
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US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The top Republican on the U.S. Senate Banking Committee, Sen. Pat Toomey (R-Pa.), said he’s dealing with Democrats to make his earlier proposal on stablecoin oversight a bipartisan effort, and Chairman Sherrod Brown (D-Ohio) confirmed he’s been involved in the discussion. дальше »
2022-7-29 19:18 | |
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Top GOP Senator Slams SEC for Ignoring Crypto Turmoil
U.S. Sen. Pat Toomey (R-Pa.) accused the Securities and Exchange Commission (SEC) of dragging its feet on instituting oversight of crypto firms as some of those companies collapsed, taking investors’ cash with them. дальше »
2022-7-28 12:00 | |
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US Senators propose bill to exempt crypto transactions under $50 from taxation
A bipartisan bill from Senators Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes tax exemptions on crypto transactions up to $50. The post US Senators propose bill to exempt crypto transactions under $50 from taxation appeared first on CryptoSlate. дальше »
2022-7-26 20:21 | |
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Senator Pat Toomey Calls For A ‘Sensible Regulatory Framework’ On Stablecoins To Keep The Dollar Atop
Republican Senator Pat Toomey believes that U. S regulators can find a common ground with regard to drawing up regulations for stablecoins, barely a month since president Biden issued an executive order on digital assets. дальше »
2022-4-10 16:00 | |
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Toomey drafts bill to exempt stablecoins from securities regulations
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations. дальше »
2022-4-7 02:10 | |
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Who’s the most active crypto trader in the US Congress?
According to a recent CNBC analysis, eight of the highest-ranked politicians in the US or their immediate family have traded crypto over the past year–with bets spanning from $1,000 to $100,000. Altogether seven Republicans disclosed buying or selling crypto, including Senator Pat Toomey of Pennsylvania. дальше »
2022-2-17 02:00 | |
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Do Senator Lummis And Toomey Bitcoin Holdings Pose Ethical Concerns? Let’s Argue
It’s completely legal for U. S Senators Cynthia Lummis and Pat Toomey to own Bitcoin or Bitcoin-related investments. They just have to disclose it. Does this pose an ethical dilemma? Senators are on the frontlines of policymaking, and the rules around cryptocurrencies are still being written. дальше »
2021-12-21 08:23 | |
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Do Senator Lummis & Toomey’s Bitcoin Holdings Pose Ethical Concerns? Let’s Argue
It’s completely legal for U. S Senators Cynthia Lummis and Pat Toomey to own Bitcoin or crypto-related investments. They just have to disclose it. Does this pose an ethical dilemma? Senators are on the frontlines of policymaking, and the rules around cryptocurrencies are still being written. дальше »
2021-12-21 08:23 | |
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Senate hearing on stablecoins: Compliance anxiety and Republican pushback
As stablecoins issuers were put under the pressure of Democratic witnesses, Senator Pat Toomey released his own set of regulatory principles. дальше »
2021-12-17 17:00 | |
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US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America
Senator Pat Toomey of Pennsylvania said that China’s authoritarian crackdown on crypto should be taken as an advantage by the US. To seize the opportunity, the US regulators need to change their “regulation-by-enforcement” ways, according to the Banking Committee Ranking Member, Toomey, who recently pressured the Securities and Exchange Commission (SEC) Chairman Gary Gensler to […] The post US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America appeared first on CryptoSlate. дальше »
2021-9-27 19:00 | |
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Senator Toomey Urges US Lawmakers to Adopt Crypto and Gain ‘Huge’ Advantage over China
Crypto supporter Senator Pat Toomey (R-Pa) also wrote a letter to SEC Chair Gary Gensler in which he admonished the agency for its “regulation-by-enforcement” strategy and called for more regulatory clarity. дальше »
2021-9-25 18:14 | |
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Infrastructure Bill and Crypto: Elon Musk Condemns ‘Disastrous’ New Amendment
The highly respected and opinionated CEO of Tesla and SpaceX, Elon Musk, has joined in speaking against the last-minute amendment made by Senators Rob Portman and Mark Warner to the recent crypto taxation provision suggested by Senators Patrick Toomey, Ron Wyden, and Cynthia Lummis. дальше »
2021-8-9 15:59 | |
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Musk on Proposed Crypto Tax Provision -‘Not the Time to Pick Winners or Losers in Crypto Technology’
Tesla CEO Elon Musk has weighed in on the discussion surrounding a proposed crypto tax provision. The provision, part of the infrastructure bill, will go to a vote on August 7. Meanwhile, United States senators Patrick Toomey, Ron Wyden, and Cynthia Lummis have suggested an amendment to that provision, working in favor of Proof of Work miners. дальше »
2021-8-7 13:34 | |
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Treasury Secretary reportedly against amending crypto language in infrastructure bill
Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey. дальше »
2021-8-7 20:18 | |
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Infrastructure Bill Amendment Calls for A Level Playing Field with TradeFi, Without Penalizing Crypto
Senator Cynthia Lummis (R- Wyo), Ron Wyden (D-Ore), and Pat Toomey (R-Pa) are behind the amendment proposal that integrates crypto into the financial system and protects American innovation while ensuring taxes are paid. дальше »
2021-8-5 16:01 | |
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Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. Rob Portman, Who is Behind the Legislation
Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. дальше »
2021-8-3 16:14 | |
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Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’
Senator Pat Toomey of Pennsylvania has released a statement that calls the wording on crypto taxation in the bipartisan infrastructure bill unworkable and says he will propose an amendment. The post Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’ appeared first on BeInCrypto. дальше »
2021-8-3 08:52 | |
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US Senator Invests in Bitcoin and Ethereum via Grayscale
U. S. Senator Patrick Toomey has declared investments in Grayscale’s bitcoin and ethereum trusts. His declaration shortly followed one by fellow congressman, U. S. Representative Barry Moore, who declared that he had invested in dogecoin, ether, and cardano. дальше »
2021-7-11 04:30 | |
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US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN’s Crypto Proposal
U. S. Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF). дальше »
2021-6-13 20:00 | |
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Ripple (XRP) Faces Class-Action Lawsuit From Investor That Lost $48
Another Day, Another Lawsuit Florida resident, Tyler Toomey, filed a class-action lawsuit against Ripple Labs and CEO Brad Garlinghouse in a U. S. District Court in the Middle District of Florida. дальше »
2021-1-27 22:50 | |
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Florida-based XRP investor sues Ripple and CEO Brad Garlinghouse
Ripple is now facing another new lawsuit filed by an XRP investor based out of Florida. According to a 25 January filing, the investor in question, Tyler Toomey accused Ripple Labs and CEO Brad GarlinThe post Florida-based XRP investor sues Ripple and CEO Brad Garlinghouse appeared first on AMBCrypto. дальше »
2021-1-27 17:30 | |
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