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Darren Soto

Democratic Congressperson from Florida, 9

Notable statements

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.
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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🧵 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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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.
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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.
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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

@RepDarrenSoto

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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.
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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…
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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/…
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
profile picture of Darren Soto

Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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
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Very pro-crypto
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Darren Soto

@RepDarrenSoto

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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-…
Very pro-crypto
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Darren Soto

@RepDarrenSoto

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