2020 US Presidential hopeful Andrew Yang has given the clearest sign yet that he welcomes Bitcoin, releasing a dedicated statement on cryptocurrency regulation this week.

Yang Highlights ‘Vast Potential’

Yang, whose pitch revolves around radical economic policy such as installing a Universal Basic Income (UBI), said that he would create “clear” legislation on crypto, using pro-industry legal schemes such as that of Wyoming as role models.

“Investment in cryptocurrencies and digital assets has far outpaced our regulatory frameworks in the US,” he summarized.

We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential.

As Bitcoinist has often noted, the US currently operates a patchwork approach to crypto regulation which varies from one state to another.

The implications of the policy have been significant, with businesses complaining of impossible barriers to entry and many entities…

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Source: https://thebitcoinnews.com/us-presidential-candidate-yang-promises-clear-bitcoin-regulation/