Have We Really Seen the Last of Former Presidential Crypto-Candidate Andrew Yang?
Have we really seen the last of crypto-friendly democrat Andrew Yang following his withdrawal from the 2020 US Presidential campaign?
As reported by the Daily News last week, Yang’s final comments, as he withdrew his bid from the race to become his parties nominated candidate for president, have led some to believe that he may be making a run for Mayor of New York.
Blockchain Loses a Potential Ally
The withdrawal of Andrew Yang sent waves through the crypo industry as he has so far proved to be a staunch advocate of digital assets and blockchain technology which has earned him the tag, “Crypto-candidate”.
In August 2019, Yang asserted that blockchain should be incorporated to modernize the voting systems. Yang believes that blockchain will propel authentic democracy, as well as boost American participation in the election.
Two months later, he published a blog post about developing new practices and attitudes towards the regulation of technology firms to enhance the nation's economic development.
As reported by Blockchain.News, Yang once again very publicly highlighted the “high potential” of cryptocurrencies in an interview with Bloomberg on Jan. 29. During the interview, he discussed his thoughts and strategy for regulating digital assets.
Yang expressed his frustrations at the mixed communication from the main regulatory bodies. He said “Right now we’re stuck with this hodgepodge of state-by-state treatments and it’s bad for everybody: it’s bad for innovators who want to invest in this space. So that would be my priority is clear and transparent rules so that everyone knows where they can head in the future and that we can maintain competitiveness.”
Glimmer of Hope
Yang soared to popularity due to his progressive ideas regarding a universal basic income that would see every American adult citizen receive $1000 USD per month. Unfortunately Yang was always going to have an uphill fight against Democratic household names such as Elizabeth Warren, Bernie Sanders and Joe Biden. While any poll run by the Democratic party is usually all but worthless, in this case they were correct that Yang stood little chance as he barely captured 2.9% of the vote in the New Hampshire primaries.
Despite these setbacks, Yang’s comments have made his followers believe he is alluding to turning his attention upon the local mayoral elections in New York City.
Yang told CNN, “ I’m not going away. The Yang Gang is not going away, the plan is to keep on pushing the ideas of this campaign across the finish line.” He also declared that he, “would certainly not rule out running for office again.”
Ending with the line that many have pegged their hopes to, Yang said, “See you in New York.”
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