Crypto in Congress 2022: Rep. Darren Soto

This episode is sponsored by Quantstamp and Nexo.io. “We can’t use 1920s to 1940s definitions in securities laws for digital assets … We need to bring our laws into the 21st century,” Rep. Darren Soto (D-Fla.) says. Cryptocurrency has emerged as a topic around which representatives from both sides of the aisle can create coalitions with aligned interests and values while constructively disagreeing on other matters. Last year, Rep. Tom Emmer (R-Minn.), a co-chairman of the Congressional Blockchain Caucus, joined “Money Reimagined” to discuss how crypto is being received in Congress. In this episode, hosts Michael Casey and Sheila Warren are joined by Soto, the second co-chairman of the caucus, to provide a Democrat’s perspective on the state of crypto legislation. Soto introduced two bipartisan bills last summer, the Blockchain Innovation Act and parts of the Digital Taxonomy Act, which were the first blockchain bills to ever pass the House as part of H.R. 3723, the Consumer Safety Technology Act. Soto explains the many challenges facing crypto’s advocates in Washington, from educating colleagues to outdated securities laws. With representatives like Soto and Emmer pushing for more education, recognition and legislation for crypto, will 2022 bring more certainty and jurisdiction to the industry? This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and additional production support by Eleanor Pahl. Our theme song is “Shepard.” - Quantstamp is the leader of blockchain security, having secured over 100 billion USD worth of digital assets. Visit quantstamp.com to learn why top DeFi projects like Maker, Compound and BarnBridge trust Quantstamp to secure the financial infrastructure of tomorrow. Learn more at quantstamp.com/blog. - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.