Can the US Expect Faster Crypto Regulations If They Vote For Presidential Candidate Andrew Yang?

andrew yang
Andrew Yang

Can the US Expect Faster Crypto Regulations If They Vote For Presidential Candidate Andrew Yang?

Andrew Yang, the 44 years old US Presidential candidate running as a Democrat has called for clear guidelines and regulation for cryptocurrencies. In the Presidential elections of 2020, Andrew is the only entrepreneur running alongside business tycoon and current President, Donald Trump in the race.

In his manifesto, Yang laid out the background of the regulations and where the current regulators have failed to adopt the revolutionary concept.

“Cryptocurrencies and digital assets have quickly grown to represent a large amount of value and economic activity. This quick growth, however, has outstripped the government’s response. A national framework for regulating these assets has failed to emerge, with several federal agencies claiming conflicting jurisdictions.”

Andrew Yang is Sure of a Crypto-Revolution

Yang is a strong believer in the new crypto-based digital economy. He not only calls for laying out proper regulations but also believes that it is the responsibility of the Government to spread this future technology as quickly as possible.

“We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential.”

Andrew Yang is an active Twitter user who engages with the public and runs most of his campaign online. Jack Dorsey, another staunch supporter of Bitcoin, had earlier donated to support Yang’s cause; Yang expressed his note of thanks on Twitter itself,

“Thank you @jack for the support! I use at least one of your products every day.”

Yang has laid out the steps he will be taking after his nomination as a President in the crypto-sphere. The new laws and guidelines under Yang are expected to define, classify and draw guidelines for Government agencies to regulate the cryptocurrency space completely. Clearing out tax implications, and setting the security tokens and blockchain tokens, in general, will be the first fundamental steps that Yang intents to make.

yang crypto manifesto
US Presidential Candidate Yang’s Manifesto: Cryptocurrency and Blockchain

Furthermore, the manifesto also lays out his intent to “work with the sponsors for the Token Taxonomy Act and Wyoming legislators” to promote the legal use of all types of cryptocurrencies.

Do you think that the Futurist Presidential Candidate would win the elections because of support for crypto? Please share your views with us. 

Summary
Can the US Expect Faster Crypto Regulations If They Vote For Presidential Candidate Andrew Yang?
Article Name
Can the US Expect Faster Crypto Regulations If They Vote For Presidential Candidate Andrew Yang?
Description
Andrew Yang, the 44 years old US Presidential candidate running as a Democrat has called for clear guidelines and regulation for cryptocurrencies. In the Presidential elections of 2020, Andrew is the only entrepreneur running alongside business tycoon and current President, Donald Trump in the race. 
Author
Publisher Name
CoinGape
Publisher Logo
Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Author: Nivesh Rustgi

Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

Post your comment...
Nivesh Rustgi 642 Articles

Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

Follow Nivesh @