in

Andrew Yang Reveals His Political Party Will be Pro Crypto


Andrew Yang – an American entrepreneur, politician, and founder of the newly launched Forward Party – said he wants his organization to represent the US crypto community.

In Attempt to Solve America’s Financial Problems

“Not right. Not left. Forward.” That is the slogan of the new political party in the United Stated – The Forward Party. According to its pro-crypto founder – Andrew Yang – the digital asset industry is also headed in that direction.

Yang – best known for being a candidate in the 2020 Democratic Party presidential primaries and the 2021 New York City Democratic mayoral primary – stated in a recent podcast that his party should be deeply connected with the American crypto enthusiasts.

“I want to make the Forward Party the Crypto Party, truly. Because I see the alignment as very, very deep. I want to make the case to legislators the cryptocurrency community is a force for progress, a force for innovation, a massive provider of jobs.”

The entrepreneur pointed out that bitcoin and the altcoins will be the main focus for his political organization. During the podcast, he mentioned some of America’s major financial issues, such as the “broken” banking system and irrational money supply after March last year or, in other words – the beginning of the COVID-19 pandemic. Yang raised hopes that digital assets could be highly beneficial in this problematic situation:

“My hope is that we can try to get some sanity into Washington around the fact that cryptocurrencies should be here to stay and if we are thoughtful about it we could do an enormous amount of good to solve some of our biggest problems that we are struggling with.”

Contrary to Elon Musk, who recently said the US government should do “nothing” in terms of crypto regulations, Yang believes that investors can not operate on the market without any rules at all:

“I don’t think it’s realistic to expect that you can do your own thing entirely. There will have to be some regulation, but you want to do it the right way, the intelligent way.”

AndrewYang
Andrew Yang, Source: latimes.com

Other Politicians in Favour of Crypto?

Apart from Andrew Yang, who has proved his support towards the asset class numerous times, there are other names in the political life who are keen on bitcoin and the altcoins.

Maxime Bernier – Leader of the fast-growing “People’s Party” of Canada – is one of those examples. Just a week before a federal election in the country, he was asked whether he was in favor of cryptocurrencies, to which he replied positively.

“I hate how central banks are destroying our money and economy. I’m more of an old-fashioned gold & silver fan, but cryptos are another new and innovative way to counter this that should be encouraged.”

Arguably the most famous politician who believes in bitcoin’s merits, at least in the crypto community, is El Salvador’s President – Nayib Bukele. The leader played a significant role in BTC becoming legal tender inside the Latin American country’s borders. The initiative has already generated millions in profits for the nation, as Bukele revealed he would use part of the gains to build a massive pet hospital.

Featured Image Courtesy of Taiwan News

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

France dips fingers in CBDC for bond deals

France dips fingers in CBDC for bond deals

Bitcoin Options Volume Explodes Higher As Market Warms Up To First U.S. BTC ETF