Not long ago, we published an article about former Pennsylvania Senator Pat Toomey, a republican who chose not to run for another term despite serving in politics for over 20 years. Pat Toomey Shows Two Faces When Discussing Crypto Going that long, Toomey was clearly a popular figure, and in our piece, he discussed his many thoughts on crypto and how he was against regulation given everything comes with hiccups, and those hiccups shouldn’t be an excuse to bring whatever doesn’t work to its knees. In other words, while crypto has come with a few problems, this isn’t reason enough to stop the space from growing. Everything that’s new has issues that need to be worked out, and thus time is necessary to ensure it’s given a fair shake. This is all fine and dandy, and
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Not long ago, we published an article about former Pennsylvania Senator Pat Toomey, a republican who chose not to run for another term despite serving in politics for over 20 years.
Pat Toomey Shows Two Faces When Discussing Crypto
Going that long, Toomey was clearly a popular figure, and in our piece, he discussed his many thoughts on crypto and how he was against regulation given everything comes with hiccups, and those hiccups shouldn’t be an excuse to bring whatever doesn’t work to its knees. In other words, while crypto has come with a few problems, this isn’t reason enough to stop the space from growing. Everything that’s new has issues that need to be worked out, and thus time is necessary to ensure it’s given a fair shake.
This is all fine and dandy, and Toomey certainly gives an impression of being one that cares. However, one could make the argument that by not running for another term, he’s contributed, indirectly, to some of the ongoing economic problems America is facing and the unstable position of the crypto market. Allow us to explain…
Toomey commented recently that the main reason he didn’t run for reelection at the end of 2022 is because he feels the republican party (which he’s long been a member of) has changed too much over the years, and thus he decided to step away. To an extent, doing so is the exact opposite of what he’s suggesting the federal government do with crypto. He’s recommending that even though crypto has kinks that aren’t sorted, this isn’t reason enough to shut it down.
However, when he saw his party was having kinks of its own, he decided to move on with his life and not give it any more attention. This may have been the wrong route to take. Like he mentioned with crypto, when something isn’t working, you try your best to help it.
In not running for reelection, he allowed Pennsylvania to fall into the hands of democrat Senator John Fetterman, who was never fit to lead and has allowed far-left politicians to have a stronger say in the outcomes and future of America.
He Could Have Really Helped America
If Toomey had decided to run again, he likely would have earned another term, which means that the republicans would have had a majority in the Senate alongside the House of Representatives, and thus Congress would have been in fully red control, thus aiding in the betterment of America’s economy.
By contrast, the democrats would have had the majority, except an interesting thing happened. Krysten Sinema, a former democrat of Arizona, chose to switch to the independent party, thus making the Senate tied between liberals and conservatives. Had this happened when Toomey was still in office, the republicans could have had majority control in the Senate.