- 2020 US presidential candidate Andrew Yang waxed lyrical about blockchain technology in a Bloomber interview
Tech innovator and 2020 US presidential candidate Andrew Yang recently discussed blockchain technology and Bitcoin in an interview with Bloomberg. He talked about different aspects of the industry and pending regulation.
In the interview, Yang primarily focused on the upcoming Iowa caucuses which will kickstart the democratic nomination process in the country. His support is dwindling ahead of the primary and Yang is looking to appeal to various sectors. Among them is the blockchain sector which he has been supportive of since the beginning. Being a tech entrepreneur, Yang knows a lot more about the industry than his other much older rivals as well.
When asked about crypto, Yang said that a uniform set of rules needs to be envisaged and implemented for the sector. Its a good talking point as right now crypto regulation is all over the place in the USA with states differing with each other as well as the federal government regarding the future regulatory clarity. Yang favors a consensus-based approach among all the 50 states to help the sector perform better.
Andrew Yang also heaped praise on the underlying blockchain technology and called it a tech with “high potential” and it should be invested in. He also gave some strong opinion that even if regulators banned cryptocurrency, its use cannot be stopped. So, the only solution is to regulate the industry and bring it into the mainstream.
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