Florida Congressman Says Cryptocurrencies Should Not Be Regulated by the SEC180

Digital assets, such as Bitcoin and other cryptocurrencies, should not be regulated by the SEC and should be left to the jurisdiction of the Commodity and Futures Trading Commission (CFTC), according to Florida Congressman Darren Soto.

Darren Soto, a Democratic party representative for Florida’s 9th district, has called for better classification of digital assets including Bitcoin and other cryptocurrencies. In an interview with Cheddar on Jan. 10th, the congressman shared his views on the future of digital assets in the U.S, saying that more regulation was necessary in order to protect the market.

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