Andrew Yang Policy on CRYPTO/DIGITAL ASSET REGULATION AND CONSUMER PROTECTION

[Sherman A1]

Cryptocurrencies and digital assets have quickly grown to represent a large amount of value and economic activity. This quick growth, however, has outstripped the government’s response. A national framework for regulating these assets has failed to emerge, with several federal agencies claiming conflicting jurisdictions. At the same time, states have come up with a patchwork of varying regulations that make it difficult for the US cryptocurrency markets to compete with those in other jurisdictions, especially China and Europe.

Currently, different departments of the federal government consider digital assets as property, commodities, or securities. Some states have onerous regulations in the space, such as NY’s BitLicense. Navigating this has had a chilling effect on the US digital asset market.

It’s time for the federal government to create clear guidelines as to how cryptocurrencies/digital asset markets will be treated and regulated so that investment can proceed with all relevant information.

"Investment in cryptocurrencies and digital assets has far outpaced our regulatory frameworks in the US. We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential."

https://www.yang2020.com/policies/digital-asset-regulation/

[Chin music]

1. I haven't heard a bad idea from this guy yet.

Very impressive.

[northoftheborder]

2. This guy needs to be in an agency helping the FBI, CIA, and other security agencies! I'm not sure..

...they are presently up to the latest in cybersecurity....

[AlexSFCA]

3. I wonder why he is not getting enough attention?

His policies seem even more detailed than Warren’s.

[BlueStater]

5. Because no one knows who he is.

*I* don't know who he is, but that's mostly because I have little to no interest in non-politicians who run for president. I'm assuming that's how a lot of people feel.

That's being said, he has done well enough in polls on occasion to reach at least 2%, ahead of many actual politicians who are running. How is he even able to reach a large enough audience to poll that high?

[crazytown]

4. Why not recognise the leading crypto's as currencies?

And regulate them stringently as Nation State currencies?