US Democratic presidential candidate Andrew Yang spoke about regulating the cryptocurrency market in Iowa during an interview with Bloomberg Politics. Yang said there needs to be a uniform set of rules and guidelines when it comes to the use of crypto.
“At the moment, we are stuck with this uncertainty about the state of things and this is bad for everyone: it is bad for innovators who want to invest in this ecosystem and it is bad for the State that has no control over what is happening. So that would be my priority: clear and transparent rules, so that everyone knows where they can go in the future and that we can remain competitive. ”
The presidential candidate also added that blockchain technology has “very high potential and that we should invest in it”. He added that people who want to invest in cryptocurrencies cannot be "discouraged" or "banned" by regulators.
Yang's statements are not surprising, since he had already written about his plan to regulate the sector in order to help promote development and provide security for investors.
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