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Darren Soto: ‘It is Time for the United States to Step Up and Lead...

Last week, Soto was the main co-sponsor of U.S. Rep. Warren Davidson’s, R-Ohio, “Token Taxonomy Act" which “establishes much looked-for clarity for businesses, consumers, and regulators operating in the growing U.S. blockchain ecosystem.”

Darren Soto’s Blockchain Bills Gain Traction on Capitol Hill

Soto was able to get his “Digital Taxonomy Act,” which he brought out in April 2019 with the backing of U.S. Rep. Warren Davidson, R-Ohio. The bill would have the U.S. Department of Commerce and the Federal Trade Commission (FTC) study the “state of blockchain technology in commerce, including its use to reduce fraud and increase security.”
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