2020 Presidential Hopeful Yang Says Blockchain, Crypto Must Be Big Part of US Future
Marie Huillet's original article for cointelegraph.com reduced by 60%
American entrepreneur and Democratic 2020 presidential candidate Andrew Yang has said that blockchain should be a big part of the United States' future, Bloomberg reported on May 15. "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 - 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, and has advocated for more clarity in regard to the overlapping jurisdictions of federal regulatory agencies. Bloomberg notes that Yang nonetheless does not own cryptocurrencies himself, although he has reportedly confirmed that he has invested in at least one vehicle that does have crypto holdings. Yang's campaign has also accepted bitcoin, ether and other cryptocurrency donations as of July 2018.
As Cointelegraph reported, Yang's position marks a stark contrast to fellow 2020 contender, senator Elizabeth Warren - a staunch critic of cryptocurrencies and initial coin offerings.
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