Crypto-friendly candidate Andrew Yang believes that regulation is needed for the entire country, not state by state.
Andrew Yang, an American businessman who ran for the presidency of the United States 2020 by the Democrats, called for more clarity for the regulation of cryptocurrencies in his country.
Regarding the issue, the businessman said yesterday in an interview with Joe Weisenthal of Bloomberg:
“We need to have a uniform set of rules and regulations on the use of cryptocurrency throughout the country because at this time we are trapped with this hodgepodge of state by state treatment and it is bad for everyone: it is bad for innovators who want to invest in this space.”
So that would be my priority: clear and transparent rules so that everyone knows where they can go in the future and that we can stay competitive.
It is worth noting that his statements occur two days before February 1, when voters in the state assemblies of Iowa will go to the polls to decide who they want to support among the candidates seeking the nomination of the Democratic party.
Andrew Yang: crypto regulation, banking and Blockchain
On people who are taking money from the bank to invest in crypto, he said that people are already investing in cryptocurrencies and that this could not be hindered by regulations, even if the government tried.
Also, the candidate added that Blockchain technology has “a very high potential and that we should and should invest in it.” He added that people who want to invest in crypto assets could not be avoided even if regulators tried.
It is not the first time that Yang appears talking about crypto. In November 2019, he announced through his presidential campaign, a technological plan focused on rebuilding the country’s relationship with the great technological giants, in addition to his calls to normalize the way cryptography is treated at the regulatory level.
Earlier, in August 2019 he said that Blockchain should be used in the next presidential elections.