Sen. Toomey’s Principles for Stablecoin Regulation Strike the Right Balance

January 5, 2022 | Luke Hogg

The Senate Banking Committee met late last year to discuss stablecoins. Among others, Chairman Sherrod Brown (D-Ohio) and Sen. Elizabeth Warren (D-Mass.) voiced strong criticisms of stablecoins and decentralized finance (DeFi). Few likely expected the hearing to yield concrete policy proposals. That was until Ranking Member Pat Toomey’s (R-Pa.) opening remarks.  A noted advocate for
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