Democratic presidential candidate Andrew Yang talked about cryptocurrency regulations before the upcoming caucuses in Iowa.
During an interview with Bloomberg Politics on January 29, Yang said a unified set of rules and guidelines are needed when it comes to using cryptocurrency assets:
"At the moment, we are involved in this government treatment depending on the situation, which is bad for everyone: It is bad for innovators who want to invest in this field. Therefore my priority will be to set clear and transparent rules so that everyone knows where they can go in the future and that we can Keep competitive. "
The presidential candidate also added that Blockchain's underlying cryptocurrency technology has "very high potentials and we must and must invest in it." He added that people who want to invest in cryptocurrency assets cannot be prevented even if regulators try to do so.
Yang's data is not surprising, given that he has written about his plan to organize the industry in a way that will help boost development and provide certainty to investors.
As party elections in Iowa come close, Yang's support is dwindling
On February 1, voters in Iowa rallies will go to the polls to determine who they want to support from among a group of candidates seeking to nominate the Democratic Party. Party electoral committees are important because they are the first major electoral event during the presidential election cycle, and many candidates who win party caucuses continue to receive the final nomination from the National Party to contest the general elections.
However, as the date approaches, Yang's support is hardly noticeable in many of the major polls. The US election tracking project FiveThirtyEight released data on recent polls, which Yang has never appeared.
Indeed, in the same interview in which he cited cryptocurrencies, Yang said he would not be surprised if his supporters chose to vote for Vermont Bernie Sanders, a Senator who recently climbed in opinion polls against former Vice President Joe Biden.