on the crypto
Andrew Yang, US Democratic presidential candidate for the 2020 elections, favors the development of the cryptocurrency market and the adoption of Bitcoin. Let's find out the reasons.
Cryptocurrency enthusiasts will vote for Andrew Yang
Andrew Yang is a US Democratic presidential candidate for the United States 2020 elections, which is already conquering all the cryptocurrency enthusiasts in the country.
Yang has already announced his intentions to introduce transparent rules on cryptocurrencies that today are still too sketchy. The key points of his campaign are published on his website.
Who is Andrew Yang?
Yang is known to be an entrepreneur who invested $ 120.000 in the plant of Venture For America (VFA), an accelerator aimed at building new start-ups in emerging cities.
Its platform, under the Democratic Party, actively supports various social initiatives e financial such as universal basic income (UBI) and access to medical care for all citizens. Furthermore, his team is working to increase the adoption of Bitcoin cryptocurrency in various sectors.
Candidate running for 2020 elections in the United States, Yang is in favor of the introduction of cryptocurrencies and the regulation of digital assets in the country.
On his campaign website, Yang declares:
"Cryptocurrency investments have far exceeded our regulatory frameworks in the United States. We should allow investors, companies and individuals to know what the landscape and treatment will be to support innovation and development. The blockchain has great potential. "
Its position with respect to cryptography is based on the fact that today this class of activity represents a fundamental element at the base of a large number of economic activities in the United States.
The Crypto Transparent regulations are a must
Yang admits that many federal agencies such as the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have attempted to introduce regulations for the cryptocurrency market, however their rules are very often not clear or even conflicting.
Yang asks for a "clear national framework"That is effective and useful for the entire digital asset sector:
"It's time for the federal government to create clear guidelines on how cryptocurrencies / digital asset markets will be regulated so that investments can proceed with all relevant information".
The candidate points out that the cryptocurrency market develops much faster than the regulations that lead to rather controversial situations.
Yang firmly believes that clear guidelines in the world of digital goods, they will encourage citizens, as well as businesses, to invest in the sector without fear.
He also emphasized that there is a need to introduce a clearer picture concerning the taxation of cryptocurrencies.
