In an interview with Bloomberg, the US presidential candidate Andrew Yang called for clear regulations regarding cryptocurrencies in the USA. He also talked about the current state of cryptocurrency and how it is bad for everybody.
“We need to have a uniform set of rules regarding crypto use nationwide.”
When asked about his opinion on regulation and allowing people to use their bank accounts and credit cards to move into cryptocurrency, he replied that we need to have a uniform set of rules and regulations around cryptocurrency use nationwide. He added that at the moment, we are stuck with this hodgepodge of the state by state treatment, and it is bad for everybody.
Andrew Yang’s campaign is getting stronger.
Andrew Yang is running for the 2020 US Presidential elections from the Democratic party. Andrew is known for his proposed Universal Basic Income, under which every adult US citizen above the age of 18 will receive a $1000 check every month. Andrew Yang has been adamant of promoting innovative technology throughout his campaign, which has made him a favorite in the crypto space.
Recently, the Mark Twain prize winner Dave Chappelle announced to endorse Andrew Yang in the upcoming elections. Tesla’s CEO Elon Musk, one of the most influential personalities in the tech world, also tweeted his support of the pro crypto presidential candidate.