GOP Senator Pushes Back Against Crypto Skeptics, Calls for Consumer Protections

Toomey advocated instituting consumer protections and disclosure requirements in the crypto industry.

GOP Senator Pushes Back Against Crypto Skeptics, Calls for Consumer Protections
Screenshot of Sen. Pat Toomey, R-Penn.

WASHINGTON, December 14, 2022 – As legislators’ animosity toward digital assets builds following the FTX meltdown, Sen. Pat Toomey, R-Penn., on Wednesday defended the industry during a Senate Banking Committee hearing.

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