- Andrew Yang has recently spoken on the regulations facing the crypto world ahead of the upcoming caucus meetings in Iowa State.
- Speaking in an interview, the presidential candidate explained that there needs to be a clear set-out list of rules and guidelines regarding cryptocurrency.
The crypto fanatic and democratic presidential candidate, Andrew Yang has recently spoken on the regulations facing the crypto world ahead of the upcoming caucus meetings in Iowa State.
Speaking in an interview recently with the political division of Bloomberg, the presidential candidate explained that there needs to be a clear set-out list of rules and guidelines when it comes to the use of assets regarding cryptocurrency.
“Right now we’re stuck with this hodgepodge of state-by-state treatments and it’s bad for everybody: it’s bad for innovators who want to invest in this space. So that would be my priority is clear and transparent rules so that everyone knows where they can head in the future and that we can maintain competitiveness.”
The presidential candidate has further gone on to add that the underlying technology in cryptocurrency, blockchain has a lot of potential and it’s something definitely worth keeping an eye on - or are keeping an eye on to invest in. He further went on to add that people who wish to invest in such assets couldn’t be prevented if regulators even attempted to.
At the start of next month, the people of Iowa will go to the polling stations and vote for who they want to support out of a wide range of potential candidates looking for the nomination for Democratic party. These caucuses are highly significant in that they are the first electoral event during the election cycle for the presidency. Many of the candidates that win the caucuses potentially can go on to receive the nomination from the National party to run in the general election become the new resident of the White House. Despite this, as the date gets closer and closer, the support for Yang is very little. The American election tracking project, FiveThirtyEight has revealed the recent polling data and it turns out that Yang’s name didn’t appear at all.
Speaking in the same interview, cryptocurrencies were mentioned. The candidate said that he wouldn’t be surprised if his supporters decided to go for the Vermont Senator, Bernie Sanders. He recently skyrocketed against the former vice president, Joe Biden.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!