Andrew Yang, a United States Democratic presidential nominee for 2020, is calling for clear regulations regarding digital assets. The policy that contained the key points was published on Yang’s campaign site.
Yang, an entrepreneur, has donated $120,000 to Venture For America (VFA). VFA is an accelerator that helps new startups to emerge in emerging cities. Yang supports cryptocurrency as part of his 2020 presidential campaign. He also stands for digital asset regulation in the country.
Yang points out in the release that the government is failing to develop a national framework to regulate digital assets. This lack has resulted in conflicting jurisdictions claims by several federal agencies. Yang also stressed the importance of defining how digital assets are treated and the regulation that follows, so investors can join the ecosystem with all relevant information. Yang said:
“We need to let investors, companies and individuals know the current landscape and treatment in order to support innovation. Blockchain has great potential.”
Yang also notes that digital asset markets and cryptocurrency are growing faster than the regulations can keep pace. It is imperative to ” Establish clear guidelines for the digital asset market so that individuals and businesses can innovate and invest in this area without worrying about a regulatory shift.