Pat Toomey (US Sen. ret.)

A quick note on U.S. crypto ownership & usage. Estimates vary based on who is asking and how. The @federalreserve focuses on recent usage, while independent polls track ownership.Bottom line: all credible data points to tens of millions of Americans engaging with crypto. • The Fed's latest 2025 SHED data puts past-12-month crypto use at ~10% of U.S. adults (26–27M people). • A @MorningConsult poll (for @coinbase) found 20% (~52M) currently own crypto. • @Ipsos polling found ~18% have owned or used it. Whether you measure active use or ownership, these numbers are substantial—not fringe.

Congrats to @SenatorTimScott, @SenLummis, and all the Senators who voted to advance Clarity in the Banking Com. yesterday. Big step forward for American innovation and consumers. Next, the Senate floor!

Gov’t shouldn’t complicate what the market already does well. These interchange fee bills in PA and DE could disrupt payments for consumers, create new burdens for small businesses, and make earning tips harder. Read my newest op-ed in @PhillyInquirer:bit.ly/4suM2Gw

The @USOCC's conditional approval of @coinbase's national trust charter is a landmark moment. Enormous thanks to @USComptroller Jonathan Gould and his team for their diligent review of our application and the fair application of the law. coinbase.com/blog/coinbase-…

For working families, homeownership has only gotten tougher. Coinbase has a smart new product—expanding access to homeownership without compromising standards. Our financial system needs to evolve with how people actually build wealth, today. x.com/coinbase/statu…

The @SECGov and @CFTC joint interpretive release on crypto is a big deal. Since the 1970s, the agencies have been locked in a jurisdictional battle. They’ve sued each other, banned entire products (like single-stock futures for 20 years), and left innovators in a "no-man's land." Historically, cooperation only happened after a crisis or a direct order from Congress. Without question, the joint announcement is the most significant alignment of US financial market regulators in decades. By working together, the agencies are also making clear that regulatory clarity and the public interest come first, and that the weapons of the war on crypto are being dismantled. Big thanks to @SECPaulSAtkins and @ChairmanSelig - and especially to @POTUS - for taking such a historic action and for doing the right thing.

Check out my interview with Stuart Varney at FOX Business: iqmediacorp.com/ClipPlayer/?Cl…

Current banking regulations incentivize over-reporting and account closures, often without explanation. @EconWithNick notes: Americans deserve fair access to banking and clear due process protections. That’s a regulatory failure Congress should fix. x.com/EconWithNick/s…

Stephen Gandel is right about banks’ claim that stablecoins will pull deposits from the banking system on aggregate—it’s not possible. Read why: reuters.com/commentary/bre…

In Brussels today at the European Parliament @Europarl_EN a full house gathered to discuss tokenization in the future of Europe’s financial system. Great to see the momentum behind blockchain infrastructure in Europe, and to see my @coinbase colleague Roeland Van Der Stappen making the case for financial infrastructure being built on permissionless base layers.

Check out my op-ed in today’s Financial Times on why stablecoins holders should be allowed to earn interest:

Check out my LTE in today’s WSJ: wsj.com/opinion/the-ri…

Gov’t capping credit card int. rates at 10% won’t help consumers. It will restrict lending, raise costs, and reduce choice. If lenders can’t be compensated for the risk of unsecured lending, they will stop lending. And consumers will have to turn to more expensive alternatives

Senator Tillis makes an important point:

@CatoInstitute released a new report documenting the federal government’s role in debanking and calls on Congress to restore fairness access to financial services. Read the report and the path forward to address government-driven debanking: forfreemarkets.org/icymi-new-cato…

For those who misunderstand what’s at stake in the debate on offering rewards on US-issued stablecoins under the GENIUS Act, a sobering and timely announcement from the People’s Bank of China that they plan to pay interest on the Digital Yuan. 🇨🇳🇨🇳 Tokenization is the future and the GENIUS Act was a visionary move by @POTUS and Congress to ensure US dollar stablecoins issued under US rules would be the primary settlement instrument of the future.🇺🇸🇺🇸 If this issue is mishandled in Senate negotiations on the market structure bill it could hand our global rivals a big assist in giving non-US stablecoins and CBDCs a critical competitive advantage at the worst possible time. Lobbyists for entrenched incumbents will always fight change. It's critical for negotiators to protect the primacy of the US dollar and the US financial system, not just incumbent interests.

Check out my op-ed in today’s Washington Times re “debanking.” washingtontimes.com/news/2025/dec/…

It was heartbreaking to hear Ben Sasse’ terrible news. Ben is a great husband, father and statesman. We’re praying for you Ben!

Among the contradictions P Navarro made on Squawk Box this a.m.: there’s no cost to US from the tariffs because “China is eating them,”—yet they will drive American firms to reshore supply chains. But if tariffs don’t raise costs for Americans, why will they shift their buying ?

Check out my conversation with Steve Clemons at the American Growth Summit organized by National Interest youtube.com/watch?v=g7x9Io…