US Presidential Candidate Andrew Yang Talks Crypto (Again)

The US presidential candidate from the Democratic Party, Andrew Yang, was seen talking about cryptocurrency regulations ahead of the upcoming caucuses in the state of Iowa. Yang was in the cryptonews for his interview with Bloomberg Politics on January 29 where he said that there needs to be a uniform set of rules and guidelines when it comes to the general use of crypto assets.

“Right now we’re stuck with this hodgepodge of state-by-state treatments and it’s bad for everybody: it’s bad for innovators who want to invest in this space. So that would be my priority is clear and transparent rules so that everyone knows where they can head in the future and that we can maintain competitiveness.”

The US presidential candidate also noted that crypto’s underlying blockchain technology has a “high potential” and that they “should be investing in it.” He further added that people who want to invest in crypto assets could not be prevented even if the regulators tried.

That said, Yang featuring the blockchain news shows us that the presidential candidate’s game is strong – and he praises both crypto and blockchain as two technologies which work together and have a bright future. However, all of these statements come as no surprise given that Yang has previously written about his plan to regulate the industry in a specific way which will foster development and deliver certainty to investors.

For those of you who don’t know, on February 1 voters in Iowa state caucuses will go to the polls and decide who they want to support among a field of candidates from the Democratic party. The US presidential candidate Andrew Yang is one of them – and the caucuses are significant because they are the first major electoral event during the presidential election cycle. Many candidates who win on the caucuses go on to receive the eventual nomination from the national party to run in the general election.

Yang’s support is hardly notable in many major polls. According to one tracking project named FiveThirtyEight and the recent polling data, Yang’s name did not appear at all. However, crypto fans still see him as one of the leaders who can promote the technology to the regulators and masses.