Pennsylvania Senator Pat Toomey is one of the most prominent members of Senate Banking Committee.

Toomey made the announcement Friday from Senate Banking Committee. The answers that Gary Gensler, SEC chair, had given on differences between commodities and securities in relation to token projects or stablecoins was not satisfactory. The senator questioned some of the SEC’s seeming disparities in enforcement actions between crypto firms and advisory services companies, including Glass Lewis for similar allegations of providing “fraudulent and misleading information.”