U.S. presidential candidate Andrew Yang hopes for better cryptocurrency regulations

The cryptocurrency industry in the United States hopes of having a president who is pro digital assets is being kept alive by the Democrat Andrew Young. The 2020 presidential candidate hopes that he can elevate the industry in the United States. Young made substantial promises at the recently concluded Consensus Conference in New York.

“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 cryptocurrency community”.

If Yang makes it into the White House, cryptocurrencies will have a batter chance at gaining legitimacy in the United States. He could use his influence to push for bi-partisan legislations that will lay the groundworks for an enabling environment for Bitcoin and other virtual digital assets in the country.

While the United States is among the leading countries in terms of crypto adoption, the industry still receives negative reviews from the critics, institutions and other officials of the government. For instance, Bradley Sherman, at one point proposed a bill that would see cryptocurrencies ban in the U.S. H argued that virtual currencies are likely to weak the power of the dollar.