Presidential candidate Andrew Yang thinks the United States needs a consistent legal framework for cryptocurrencies.
US Democratic presidential candidate Andrew Yang spoke about the regulation of the cryptocurrency market in Iowa during an interview with Bloomberg Politics. Yang said there should be a uniform set of rules and guidelines when it comes to the use of cryptocurrencies.
“Right now, we are stuck with this lack of definition about the state of things and this is bad for everyone: it is bad for innovators who want to invest in this ecosystem and it is bad for the State that has no control over what is happening. That would be my priority: clear and transparent rules, so that everyone knows where they can go in the future and that we can remain competitive. ”
The presidential candidate also added that blockchain technology has "very high potential and that we must invest in it." He added that people who want to invest in cryptocurrencies cannot be "discouraged" or "banned" by regulators.
Yang's statements are not surprising, as he has already written about his plan to regulate the sector to help promote development and provide security for investors.