The Democratic US presidential candidate for the 2020 elections, Andrew Yang, has recently called out for clear regulations on digital assets. As Yang revealed, the key operative points were carried out in a policy published on his campaign website.
For those of you who don’t know, Andrew Yang is featured in our latest cryptocurrency news and is known to the world as an entrepreneur who contributed $120,000 towards the establishment of Venture For America (VFA) which is an accelerator that is aimed towards building new startups in emerging cities. He is also an active US presidential candidate and as part of his campaign – stands for the implementation of cryptocurrency and digital assets regulation in the country.
As the release notes, Yang outlined that the government has failed to develop and launch a national framework for regulating digital assets, while several federal agencies claim other conflicting jurisdiction. However, as a US presidential candidate, Yang stresses the obvious need to define how digital assets need to be treated and regulated so that investors could proceed with all the relevant information.
“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,” Yang said.
The US presidential candidate Yang is definitely one of the many big names calling out for crypto regulation. His act definitely moves the waters and introduces certain regulatory certainty for businesses and regulators in the United States.
He further pointed out that both crypto and digital asset markets develop faster than regulations can keep up. Featured on many best cryptocurrency news sites for his crypto-positive statement, Yang continued:
“Create clear guidelines in the digital asset world so that businesses and individuals can invest and innovate in the area without fear of a regulatory shift.”
With this the US presidential candidate proved that he is interested in cryptocurrencies and wants to be recognizable in the world of crypto.
In January, there were reports showing that the US States Senator and cryptocurrency critic Elizabeth Warren had announced her bid for president in 2020. Speaking at a Senate Bank Committee hearing in October, Warren asserted that “the challenge is how to nurture productive aspects of crypto with protecting consumers.”
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