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Senator Pat Toomey
Lawmaker Concerned Over FDIC 'Improperly' Pushing Banks to Avoid Serving Crypto Companies
The Federal Deposit Insurance Corporation (FDIC) may be leaning on banks to prevent them from providing services to cryptocurrency companies, U.S. Sen. Pat Toomey (R-Pa.) said Tuesday, citing communications he had received. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
U.S. Senators Introduce Bipartisan Bill to Simplify Crypto Transactions for Everyday Purchases
Senators Pat Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) introduced a new bipartisan bill that would simplify the use of digital assets for everyday purchases. Coin Center Executive Director Jerry Brito shares insights into the proposed legislation and what this means for mass adoption.
Top GOP Senator Slams SEC for Ignoring Crypto Inferno
Senator 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. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the lawmaker's letter to SEC Chair Gary Gensler. Plus, more insight into Kraken reportedly facing an investigation over alleged sanction violations.