Pro-Bitcoin presidential candidate Andrew Yang calls for "clear guidelines" on crypto

posted 4 months ago
Presidential candidate Andrew Yang cited 3 problems that need to be solved: "Cryptocurrency and digital asset markets have developed faster than regulations can keep up….Several states have conflicting and varying regulations on digital asset markets….[and] Uncertainty in what regulatory framework will develop is causing US investment in the area to lag behind the investment of other countries."

He also said "Currently, different departments of the federal government consider digital assets as property, commodities, or securities. 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... 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."
Tags: bitcoin, news