3min chapter

Odd Lots cover image

Senator Pat Toomey on the Bad State of Crypto Regulation

Odd Lots

CHAPTER

Cryptocurrency and Tokens - What's the Best Approach?

I think sometimes some of my colleagues and some of the regulators adopt the really paternalistic approach. They want to protect consumers from themselves, and they want to put all kinds of regulations about who can do what and under what circumstances. I don't view the world that way. The way i think we ought is make sure that consumers have enough information to make a well informed decision about what they want to do. So it's for me, it's mostly about disclosure. But where people have a lot of risks are not stable coins. Ther're projects that have bigand e popping returns in big a p ise, and defy protocols,. Where you can earn ten thousand %, et ceter

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