With the exception of Wyoming and a handful of other states, blockchain regulation in the U.S. has been disappointing at best. Yet, there may be a ray of hope from Democrat Presidential candidate Andrew Yang.
Who Is Andrew Yang?
Andrew Yang is an entrepreneur and founder of Venture for America (VFA), a non-profit organization with a mission of:
Mobilizing the next generation of entrepreneurs and equipping them with the skills and resources they need to create jobs.
Praised by the Obama administration in 2012, Yang was selected as a “Champion of Change,” and later, in 2015, recognized as a “Presidential Ambassador for Global Entrepreneurship.”
Somewhat a dark horse in this electoral race, Yang caused a flurry of excitement among the cryptocurrency community last summer. He declared that he accepted bitcoin, ether and other cryptocurrency donations for his campaign:
HUGE news – my campaign can now accept Bitcoin, Ethereum and other cryptocurrencies! https://t.co/GScyqfZXLY Let’s build the future together. @Steven_McKie @JulianSarokin @yidagao @AdamDraper @mashadrokova @albertwenger @novogratz @ericbahn @RamanFrey @richardtitus
— Andrew Yang (@AndrewYangVFA) July 24, 2018
Along with the words:
Let’s build the future together
This sparked a storm of comments from his followers asking whether that meant that he supported the mainstreaming of cryptocurrencies. There were also plenty of enthusiastic statements like:
Nothing stops crypto, even Presidential candidates are jumping on!
Yang also had to contend with a decent amount of criticism. The usual opposers claiming that untraceable donations would lead to a flow of illicit funds and foreign financing. They even pointed out the damage to the climate from PoW mining.