Andrew Yang, who wants to run the Democratic Party for President of the United States of America in 2020, calls for unambiguous regulations on cryptocurrency to be enforced.
He has published his cryptocurrency regulations on the official site of his election campaign.
Yang argues that the US government has failed to develop and implement a national framework for regulating digital assets, while several federal agencies have differing views and opinions on regulation. Stresses, therefore, that everyone should start to pull for the same end of the rope in order to ensure that investors have access to consistent relevant information. "We should reassure investors, companies and individuals that our country will advance in innovation and development." Blockchain has enormous potential. ”
A presidential candidate points out that cryptocurrency technology is developing much faster than the regulations that keep it up to date. "Create clear guidelines on digital assets so that businesses and individuals can invest and innovate in this area without fear of changing the regulatory approach."
While Yang clearly has a positive opinion on blockchain and does not want to defend technology in further development, Elizabeth Warren, who is another potential candidate for president, has taken a different stance. Warren, who will be a Republican candidate, has designated cryptocurrency as a tool for fraudsters.
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