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.

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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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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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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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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Profile picture of Darren Soto
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.
· via Twitter
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Profile picture of Darren Soto
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.
· via Twitter
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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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