Yang, 2020 Presidential Candidate Says Blockchain, Crypto Must Be Part Of US Future
Andrew Yang, American entrepreneur and Democratic 2020 presidential candidate has said that blockchain should be a big part of the United States’ future, Bloomberg reported on May 15.
Speaking at the Consensus conference in New York, Yang who is well known for his progressive pro-universal basic income stance stated:
“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 crypto currency community.”
A challenger candidate who has recently revealed he crossed the Democratic National Committee’s threshold of 65,000 donors to participate in the first candidate debates, Yang is also the founder of Venture For America (VFA) — a non-profit accelerator for start-ups for emerging cities.
In April, he published a national framework for digital assets regulation as part of his presidential campaign.
Yang, in an interview with Bloomberg during the conference reportedly stated that he would base his consumer protection digital asset framework loosely upon existing securities laws. He said:
“We just need to provide rules of the road. We need to figure out which agency is going to be interacting with individual currencies. It would be unfortunate if every time a new currency comes out we then have to decide which framework applies.”