There’s one Democratic presidential candidate who’s got the back of the crypto community.
Andrew Yang, an entrepreneur who is running as a Democrat in the 2020 presidential race and who recently unveiled a digital-asset platform, said he’d like to see greater regulatory frameworks for the community and its underlying blockchain technology, which he thinks could help spur new innovation.
“I believe that blockchain needs to be a big part of our future,” Yang told a crowded room at the Consensus conference in New York, where he gave a keynote address Wednesday. “If I’m in the White House, oh boy are we going to have some fun in terms of the crypto currency community.”
The crypto community embraced Yang after he published a bare framework for regulation, in which he calls for clear token definitions and tax rules. He is also advocating for clarity over which agencies have regulatory capabilities, among other things.