TL;DR: The first overtly pro-cryptocurrency candidate for United States President has ended his campaign. Andrew Yang announced his dropping from the Democratic Party nomination after a low, single-digit projected finish in the New Hampshire primary.
Andrew Yang Out!
The second primary results for the Democratic Party presidential nomination are still being formally tabulated as of publication. Of the half dozen candidates, Andrew Yang appears to have finished near last. As poll numbers and projections trickled in, Yang took to a local stage, thanked supporters, and called it quits.
Yang did catch the imagination of younger, tech-savvy voters, however during his time in the political limelight. His combination of warning about what he views as anti-human aspects of technological advancement, a so-called 4th Industrial Revolution as it relates to employment, meant the need for a dramatic transition for US workers. Yang soon became famous for offering $1,000 a month to every citizen, 18 years old and up, to ease in that economic displacement.
Presidential candidate Andrew Yang continues to impress with his relative knowledge of cryptocurrencies and how the operate in the real world. #YangGang
— CoinSpice (@CoinSpice) January 31, 2020
Perhaps more importantly for cryptocurrency enthusiasts, Yang was the first overtly pro-crypto candidate. While other candidates have flirted with accepting bitcoin for donation purposes, Yang offered up the most comprehensive policy proposals on the subject (he did have a bitcoin-related PAC as well). He also managed to appear in a great number of debates, gaining a great deal of public exposure for his views. More recently, Yang appeared to mature in his crypto savvy. He was caught on camera during an interview nearly insisting cryptocurrencies could not be stopped by government regulation.
His campaign ending in defeat isn’t a necessarily pessimistic sign for crypto enthusiasts. What normally happens when a candidate drops out is that campaign staff looks for jobs among more viable teams. That could mean crypto-friendly Yang Gang advisers could eventually find their way possibly influencing a candidate with a real shot at eventually taking the White House in 2020.
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DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.