2020 Presidential Candidate: Regulators ‘owe’ the crypto community some clarity


  • Presidential Candidate Andrew Yang said he is a supporter of the crypto community.
  • He also called the blockchain “one of the key technologies” of progress. 

On Wednesday, presidential contender Andrew Yang discussed bitcoin, blockchain and his bid for the White House in Consensus 2019.  Yang portrayed himself as a supporter of the crypto community that came weeks after his campaign issued a policy statement on digital asset regulation. He also expressed his opinion about the declining influence of traditional media, the threat of climate change, his Freedom Dividend pitch, and current U.S. president Donald Trump.

During his onstage conversation with Coin Center’s Neeraj Agrawal, Yang assured,” 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.”

Yang spoke about the current framework in the U.S. working with the technology which was unclear and unfair to people. He said: 

“If you’re a builder it’s just ‘look, tell me what the landscape’s going to look like and we’ll figure it out from there but no one knows what the landscape will look like.”

Yang said that he doesn’t hold any cryptocurrency but that he has some funds in a vehicle which has some crypto holdings. Yang reported: 

“I think it’s unfair to folks and I think it’s a clear emblem of the U.S.’s approach, and [customers] ask ‘what the heck’ … It’s one thing that they [regulators] come down when there’s clear guidelines [but there aren’t in crypto]. So the regulators owe us some degree, owe the community some degree of clarity.”

Yang also addressed the question of how tokens are classified. He also called blockchain as “one of the key technologies” of progress. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD daily confluence detector shows healthy support level at $10,075

Bitcoin has had an overwhelmingly bearish day wherein its price dropped from $10,771 to $10,135, reaching a low of $9,856. Over the last 2 days, Bitcoin has canceled out the gains made by the bulls in the 5 days before that.

More Bitcoin News

Ripple market overview: XRP/USD keeps sinking as bears retain control

XRP/USD has fallen from $0.266 to $0.265 in the early hours of Thursday. Over the last four days, the price of Ripple has fallen from $0.284 to $0.265. The hourly breakdown for Wednesday shows ...

More Ripple News

Israel Bitcoin Association appeals to make crypto policy public

Several Bitcoin traders in Israel have already filed cases against the banks of the country. On Monday, the traders lodged a formal petition demanding that the financial industry defines its crypto-asset policy. The crypto investors have been ruled out from depositing the returns on ...

More Cryptocurrencies News

Ethereum: Bulls try to end on a high following another overwhelmingly bearish day

Ethereum has ended up with a second bearish day in a row, wherein it fell from  $196.60 to $187. The hourly breakdown of the price shows that the price plummeted from $196.60 to $180 within 12 hours.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP