TL;DR: Among the glut of Democratic Party Presidential candidates running for the 2020 nomination is an unabashedly, overtly pro-Bitcoin politician, Andrew Yang. He’s distinguished himself with an emphasis on economic policies, and the formula so far has worked well enough to land him on the debate stage, Thursday, 27 June 2019, 9pm Eastern time, in front of millions.
Pro-Bitcoin Presidential Candidate Andrew Yang Takes Debate Stage in Miami
There are so many candidates running for the Democratic Party nomination, debate organizers had to split the event into two nights just to reasonably accommodate all voices. Thursday marks the second night of debate, and features 4 of the top 5 campaigns by poll: former Vice President Joe Biden, Senators Bernie Sanders and Kamala Harris, and Mayor Pete Buttigieg.
In fact, 10 hopefuls will be on stage in Miami, Florida, some for sure less well-known: author and activist Marianne Williamson, former Governor John Hickenlooper, Senators Kirsten Gillibrand and Michael Bennet, and Congressman Eric Swalwell. Tucked between Hickenlooper and Buttigieg, third from the left, is entrepreneur Andrew Yang.
Yang’s improbable candidacy is notable for a few reasons. His signature policy, Universal Basic Income, has appeal across traditional party lines. Fiscally minded voters are lured by Yang’s promise of stimulus and perhaps an opening to lessen entitlement bureaucracies, and socially progressive voters can embrace the program of a guaranteed $1,000 per month to every American as a way to bridge income inequality.
Onerous Regulations in the Space, Such as NY’s BitLicense
He’s also taken very pro-Bitcoin stances publicly. While other politicians have cozied to cryptocurrency as a way to funnel more donations their way, Yang arguably is the most positive toward digital assets. Indeed, his campaign is one the first ever to have a fully fleshed-out platform proposal on his website. His CRYPTO/DIGITAL ASSET REGULATION AND CONSUMER PROTECTION policy explains, “Cryptocurrencies and digital assets have quickly grown to represent a large amount of value and economic activity.”
He explains what has already been done toward the ecosystem by regulators as wholly inadequate. “Some states have onerous regulations in the space, such as NY’s BitLicense. Navigating this has had a chilling effect on the US digital asset market,” Yang insisted. Instead, he believes it’s “time for the federal government to create clear guidelines as to how cryptocurrencies/digital asset markets will be treated and regulated so that investment can proceed with all relevant information,” which is in line with many enthusiasts’ thinking on the subject.
Yang’s campaign is polling comparatively low, and his name recognition is still far from a household name. However, he has caught a wave of grassroots support among cryptocurrency proponents along with voters who tire of standard Democratic identity politics polemics and turn toward socialism.
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.
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