Pat Toomey (US Sen. ret.)

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…

I am honored to welcome @RepKevinBrady to the AFFM team. Chairman Brady is a long-time leader in championing free markets and policies that support all Americans. I look forward to working with him to advocate for and advance pro-growth legislation. forfreemarkets.org/americans-for-…

foxnews.com/video/63854614… Check out my interview with Paul Gigot from Saturday.

aMomentum for fair access is growing, thanks to @POTUS' executive order and new action in Congress. @SenThomTillis' bill is clear: fair banking access shouldn’t depend on politics. Congress must keep refining  reforms to ensure permanent protections against regulatory abuse.

Very constructive:

Congress & the Admin have a historic chance to end regulatory overreach & stop needless account closures. Banks must be free to assess risk & serve clients/shareholders fairly. More from @dlibsen in @dcexaminer: washingtonexaminer.com/restoring-amer…