2020, two years from now and time for another presidential election in the United States. Now as we know, the current president, Donald Trump, is able to run for a second term in office, assuming nobody from the Republicans successfully takes the top spot from him.
US politics are quite complicated, though the premise of it is that there are two main parties, the Republicans and the Democrats plus the chance for independants to run too. This latest news highlights a new candidate for the Democrats, who is alleged to be accepting cryptocurrency payments in order to help fund his presidential campaign.
According to the Economic Times (India), Andrew Yang, the founder of Venture for America plans to run as a Democrat within the 2020 presidential election.
According to the report:
“Yang, 43, founded the New York-based entrepreneurial fellowship organisation called Venture for America. He authored a book called “The War on Normal People” which argues in favour of a universal basic income of $1,000 a month for all US citizens between the ages of 18 to 64. He also opposes artificial intelligence and automation technology. Yang favours a new type of capitalist economy called “human capitalism” that is geared to maximise human well-being.”
See the full article for yourself, here.
As a part of his funding efforts, which encourage donations from democratic supports is to accept Bitcoin, Ethereum and payments of any token that is based on the ERC20 protocol. This is an exciting development as not only does it get Yang’s name into the cryptosphere, it also gives those who are politically inclined to do so access to an anonymous donation system, which in turn aims to help Yang bolster his campaign and get the votes needed to challenge Trump’s office.
Outside of Yang and his specific campaign, this is the start of a new democratic intervention within cryptocurrency and politics. It’s exciting to see a crossover between a platform designed to be ‘away’ from the government and of course a donation system being used to help fund a campaign to elect a new government. It’s ironic, but I believe that this is the true essence of cryptocurrency. Moreover, this could well encourage a nice amount of crypto spending in the United States, assuming enough people with cryptocurrency assets want to help fund Yang in order to see the back of Trump.