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.

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Very Pro-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

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Rep. 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.
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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

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

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Rep. 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.
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Very Pro-Crypto

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Rep. 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.
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Very Pro-Crypto

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Rep. 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.
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Very Pro-Crypto

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Rep. 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.
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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

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Rep. 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.
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Very Pro-Crypto

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Rep. 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 officLl
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Very Pro-Crypto

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Rep. 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.
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