2020 US presidential candidate, Andrew Yang is a big proponent of cryptocurrency and blockchain technology, according to a Bloomberg report published on May 15. Per the report, Yang hopes to secure the Democratic presidential nomination, and he says he will back up this nascent industry with clear and concise crypto-friendly regulations if he is elected into office.
Speaking at the Consensus 2019 conference in New York, Yang reportedly said:
“I believe that blockchain needs to be a big part of our future. If I’m in the White House, oh boy are we going to have some fun in terms of the cryptocurrency community.”
If Yang were elected into the White House, he could help legitimize Bitcoin in the United States and create an environment that supports and fosters innovation in cryptocurrencies and blockchain technology. This is in stark contrast to other US politicians who want to ban cryptocurrencies completely.
The Future Looks Bright for Cryptocurrency
In addition to speaking at Consensus, Yang also published an article on his campaign website that addresses the need for clear-cut guidelines for the virtual currency sector. As well, the article lists current problems in the crypto space and provides various crypto-friendly policies he would implement if he was elected President.
Yang’s take on the cryptocurrency industry is refreshing and shows that there are some people in politics who understand the benefits and potential of crypto.
Whether Yang will be elected is yet to be determined. However, he can expect to have much of the crypto community’s vote come election time.
Do you think Yang will be elected US President in the 2020 election? Let us know what you think in the comment section below.