Does Darren Soto Support Crypto?

Based on previous comments, Darren Soto has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Darren Soto has made about Bitcoin, Ethereum, and cryptocurrency innovation.

Document a missing stance Darren Soto has taken on crypto

Quoted from coingape.com on Aug 14th, 2024

Florida Congressman Darren Soto, along with his colleagues called on Kamala Harris to take three major actions when it comes to crypto:

Repealing and revamping the SAB 121 accounting guidelines, vetoed by the Biden Administration in July.
Passing the FIT21 crypto bill and working with Congress to pass the final bill with clarity on crypto regulations.
Recognizing the importance of crypto and the benefits associated with the remittance aspect of the same.

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Very Pro-Crypto

Cosponsored a bill on Jul 18th, 2024

Bill Name

Uniform Treatment of Custodial Assets Act

Details

To prohibit certain Federal agencies from requiring certain institutions to include assets held in custody as a liability, and for other purposes.

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

It was an honor to provide opening remarks at a @CTATech & @ProgressChamber panel on the importance of digital assets within minority communities. Proud to work with our partners to protect consumers while encouraging innovation & access to economic growth. pic.twitter.com/nDVljm7A3f

2024-07-12T16:28:31.000Z · via Twitter

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Somewhat Anti-Crypto

Voted against a bill on May 23rd, 2024

Bill Name

CBDC Anti-Surveillance State Act

Details

To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.

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Very Pro-Crypto

Voted for a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

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Very Pro-Crypto

Cosponsored a bill on Mar 5th, 2024

Bill Name

SAB 121 House Joint Resolution

Details

For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

This week, the Ag Committee passed the Financial Innovation and Technology for the 21st Century Act. This bill addresses regulatory gaps and ensures that consumers are protected in the digital asset markets. I look forward to our continued dialogue on these issues. pic.twitter.com/lqGlNIoLl5

2023-07-28T20:16:27.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

As Co-Chair of the #BlockchainCaucus, Soto will continue to review this investigation to assist in crafting future pro-consumer cryptocurrency policy in Congress.

2022-11-26T21:11:08.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Clarity was needed since there is some debate whether agency jurisdiction over cryptocurrency has been fully established by law. The letter was well within Congress’ oversight duties.

2022-11-26T21:10:15.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

The focus of the bipartisan March 16, 2022 letter was on the cryptocurrency industry as a whole. It was approved by Financial Services Committee Oversight legal staff. The letter sought clarity on SEC positions regarding its document request authority for crypto firms in general.

2022-11-26T21:09:44.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Rep Soto was one of the first voices in Congress to call for greater regulation of cryptocurrency to protect consumers. He filed & co-introduced Digital Taxonomy Act & Token Taxonomy Act in 2018. He passed parts of DTA out of the House this term to advance these efforts.

2022-11-26T21:08:57.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Statement on Bipartisan March 16, 2022 Letter to SEC Rep Soto believes a federal investigation into FTX is more than warranted due to alleged misappropriation. Soto condemns theft of consumer money by any industry, including cryptocurrencies. The SEC should act. pic.twitter.com/RP8TY67Mvb

2022-11-26T21:05:53.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

ICYMI: Our amendment — which passed with the #CHIPSact last week — will ensure @POTUS is well informed on crypto & blockchain issues. With this new cryptocurrencies advisory specialist, the White House will prioritize these important emerging tech sectors! forbes.com/sites/jasonbre…

2022-08-03T13:30:00.000Z · via Twitter

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Very Pro-Crypto

Cosponsored a bill on Apr 28th, 2022

Bill Name

Digital Commodity Exchange Act of 2022

Details

This bill allows for the regulation and registration of digital commodity exchanges subject to oversight by the Commodity Futures Trading Commission. The bill establishes the conditions for the sale of digital commodities, the registration of exchanges, and sets forth other requirements.

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Proud to co-lead a bipartisan letter today to SEC Chair @GaryGensler with @RepTomEmmer, @WarrenDavidson, @RepAuchincloss, @RepDonaldsPress, @RepJoshG, @RepTedBudd, & @RepRitchie regarding the SEC’s overburdensome crypto information seeking process. pic.twitter.com/bsbDBpLtGI

2022-03-16T15:57:38.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

As #BlockchainCaucus co-chair, I’ve worked for years to develop a #cryptocurrency regulatory framework. This is key to promote innovation & int’l commerce, & protect consumers. Proud that @POTUS Biden’s exec order closely tracks our #DigitalTaxonomyAct. washingtonpost.com/business/2022/…

2022-03-09T20:46:09.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

The #AmericaCOMPETES Act includes 3 #TeamSoto tech amendments:

Ensures @NEOcityFL is eligible for semiconductor incentive program funds

Directs @USDOL to analyze the future of AI in the U.S. workforce

Establishes a #blockchain + #crypto advisor within the president's officpic.twitter.com/eJPaKFK8LlLl

2022-02-05T14:30:00.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

We stand united to ensure more tax certainty for #cryptocurrency and work with the IRS on key reforms. Together, we will continue to support innovation and protect consumers. pic.twitter.com/xu1Dj2GAqD

2021-11-16T22:13:03.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Joined bipartisan Blockchain Caucus co-chairs @RepTomEmmer, @RepBillFoster and @RepDavid in a letter to our House colleagues raising concerns about #cryptocurrency tax reforms in Bipartisan Senate Infrastructure bill. pic.twitter.com/cq2wynyMEZ

2021-08-09T21:48:39.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

I joined @RepTedBudd and @RepTomEmmer to support bipartisan senate amendment to fix #cryptocurrency tax reforms in Bipartisan Infrastructure Package. We will continue to push for American #Crypto innovation! pic.twitter.com/bl2Jt40Hjd

2021-08-05T18:46:54.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Our #blockchain & #cryptocurrency bills with @RepGuthrie & @WarrenDavidson just passed the House as part of @RepMcNerney’s #ConsumerSafetyTechnologyAct. US must remain on the forefront of emerging technologies by fostering innovation & ensuring consumer protection. pic.twitter.com/vhI3FuVJJG

2021-06-22T23:05:23.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

Thanks to ⁦@TheJusticeDept⁩ for recovering $2.3M in ⁦@Bitcoin⁩ from criminal cybergroup involved in the crippling #ransomware attack on #ColonialPipeline. We will boost cybersecurity efforts and give these terrorists no quarter! cnbc.com/2021/06/07/us-…

2021-06-08T16:00:07.000Z · via Twitter

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Very Pro-Crypto

Darren Soto

@RepDarrenSoto

RT @ASP: As cryptocurrencies continue to rise in popularity, hear Rep. @WarrenDavidson & @RepDarrenSoto discuss the potential future of gov…

2021-06-06T18:27:13.000Z · via Twitter

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Does Darren Soto Support Crypto?self.__wrap_n!=1&&self.__wrap_b(":R1ltttt6la:",1)

Based on previous comments, Darren Soto has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Darren Soto has made about Bitcoin, Ethereum, and cryptocurrency innovation.

Does Darren Soto Support Crypto?