Senator Toomey calls for suggestions on US crypto legislation
August 26, 2021, 9:45AM EDT
1 min read
Senator Pat Toomey (R-PA) is looking for feedback on how better to legislate for crypto and blockchain.
Per an August 26 announcement shared with The Block, Toomey, the Banking Committee's senior Republican, is "soliciting ideas and legislative proposals to ensure federal law supports the development of emerging cryptocurrency and open blockchain network technologies while continuing to protect crypto investors."
"Not only might cryptocurrency and blockchain technologies be as revolutionary as the internet, they also have the potential to build wealth and financial independence for individuals who are empowered to engage in financial transactions directly with each other, free from oft-costly middlemen."
The committee is further requesting "[a] brief description of the proposal and how it will encourage the growth of cryptocurrency and blockchain technology in the United States" sent to email@example.com.
The window to provide feedback starts today and runs until September 27, per the announcement.