U.S. Presidential hopeful Andrew Yang recently spoke at CoinDesk’s Consensus 2019 event, where he shared his thoughts on Bitcoin and the government’s role in cryptocurrency regulations.
According to reports by those at the event, Yang came across well to the audience and even joked about the possibility of creating a ‘YangCoin.’ The overall takeaway seems to be that the potential next president of the United States is positioning himself as ‘crypto-friendly’ and recognizes the need for the U.S. government to do more in terms of clarifying the rules and regulations towards cryptocurrency.
Compared to the current and last administration, cryptocurrency continues to languish in a gray zone, with most Congressional members still treating the currency as no more than a tool for miscreants and illicit transactions. Look no further than the convoluted tax code for cryptocurrency, which treats investing in digital assets more akin to stocks than highly exchangeable…
Read Full Story : Ethereum World News