“See you in New York,” said Andrew Yang when he ended his campaign for the US president.
Holders of cryptocurrency saw an ally in the presidential hopeful Andrew Yang in 2020, so the news that he suspended his campaign on February. 11 came as a big disappointment. As one of the outspoken candidates for blockchain and crypto, Yang outlined his plans for the cryptocurrency industry and discussed the implementation of blockchain-based mobile voting for the upcoming elections. One of the political action committees (PAC) that supported Yang even allowed donations in Bitcoin.
The progressive ideas of Yang when it came to universal basic income drove his campaign out of the dark and into the national spotlight in 2019. Yet he could not match the support of candidates such as senators Elizabeth Warren and Bernie Sanders in the Iowa caucus and New Hampshire primary continues his presidential run. Despite these setbacks, the entrepreneur referred to participating in local elections on his return to New York City:
“I certainly would not exclude me from going back to the office.”
Previously reported that a president Bernie Sanders would be “great for Bitcoin”, but the candidate has rarely or never talked about this topic. Senator Elizabeth Warren has talked about cryptocurrencies that are easy to steal and emphasized her desire for additional regulations to prevent fraud.
The crypto community may have lost its presidential candidate. Andrew Yang, however, still has the opportunity to bring his progressive approach to cryptocurrencies and blockchain technology as mayor of New York City:
“I’m not leaving. The Yang Gang is not going away. So the plan is to keep pushing the ideas of this campaign across the finish line. So we’re not going anywhere.”