Presidential Hopeful Andrew Yang Calls for More Clarity on Cryptocurrency

The future-oriented and pragmatic presidential candidate, Andrew Yang seeks more clarity on cryptocurrency regulations. He argues that the lack of clarity on regulation for virtual currencies and digital assets is stopping further innovation from happening within the sector. As such, the presidential candidate is now bringing cryptocurrency to the spotlight. Cryptocurrency may not be the main talking point in the next election cycle but it is bound to be one of the items on the agenda.

Blockchain and Cryptocurrency Larger Than Mere Speculation
Those in the cryptocurrency industry and the larger blockchain industry as a whole think that this is just the start of the sector but they also realize that without proper support and clarity from the government they may be limited in what they could do. Leading investors and facilitators within the sector such as Timothy Draper, Joseph Lubin, and others believe that the blockchain will be bigger than the internet and will contribute significantly to the economy.

Interest From Established Institutions
Bringing cryptocurrency to a larger audience and addressing its importance in the world makes it to where it is not relegated to a niche group of people. Leaders in the IMF, the World Bank, and other leading financial institutions are also looking into the fundamentals of the blockchain and cryptocurrencies to better understand the underlying technology and incentive structures present within. The blockchain sector and the integration of cryptocurrencies have the potential to bring about more ways of transparent governing, elimination of middlemen, tracking and record keeping for a variety of industries.

Yang on the Potential of Cryptocurrency and The Blockchain
Yang has spoken about the potential present within the sector and has realized the need for more simplicity “Uncertainty in what regulatory framework will develop is causing US investment in the area to lag behind the investment of other countries.” Furthermore, the presidential candidate realizes the need for clarity in differentiation between digital assets and currencies and seamless taxation principles within the sector.

On Andrew Yang
Andrew Yang, a Democratic candidate for president runs on a technology-oriented platform, his talking points revolve around the gap between the rapid advancements in technology. Automation, the erosion of jobs, and the gaps this presents within the United States economy.

Andrew Yang is also a leading proponent for universal basic income as a remedy to help bridge the economic gap. Prior to running for president, the candidate was a tech entrepreneur and is the founder of Venture for America, a company that fosters economic opportunity creation through the utilization and development of human capital.

– This article was originally posted at CryptoTraderNews

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 888-902-4192 (U.S. Mobile Phones Only)

CryptoCurrencyNewsWire is where News, content and information converge via Crypto.

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

This article contains Third-Party Content submitted by third parties, including articles submitted through the CCW Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of CCW or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and CCW does not endorse, guarantee or make representations concerning the accuracy and completeness of all third-party content. You acknowledge that by CCW providing you with this internet portal that makes accessible to you the ability to view third-party content through the CCW site, CCW does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. CCW expressly disclaims liability relating to such third-party content. CCW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, CCW reserves the right to remove third-party content at any time in its sole discretion.