Andrew Yang, an American entrepreneur, and Democratic 2020 presidential candidate showered his support to blockchain technology at the Consensus conference in New York, stating that the nascent technology should be a big part of the United States’ future, as per a Bloomberg report on May 15.
Yang, a well-known entrepreneur for his progressive pro-universal basic income stance reportedly stated that:
“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.”
Yang, who is also a founder of Venture For America (VFA), a non-profit accelerator for start-ups for emerging cities, recently revealed that he crossed the Democratic National Committee’s threshold of 65,000 donors in order to participate in the first candidate debates.
We did it!!!! THANK YOU everyone who supported us to make it happen!!! ???? First stop debates next stop White House!!! pic.twitter.com/i5XXkotffH
— Andrew Yang? (@AndrewYang) March 12, 2019
He published a national framework for digital assets regulation in April as part of his presidential campaign, advocating for more clarity in regard to the overlapping jurisdictions of federal regulatory agencies. Yang reportedly stated in an interview with Bloomberg during the conference that he would base his consumer protection digital asset framework loosely upon existing securities laws, adding that:
“We just need to provide rules of the road. We need to figure out which agency is going to be interacting with individual currencies. It would be unfortunate if every time a new currency comes out we then have to decide which framework applies.”
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 also accepts bitcoin (BTC), ether (ETH) and other cryptocurrency donations as of July 2018.
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