Cryptocurrency Proponent Andrew Yang Ends Presidential Bid

Cryptocurrency Proponent Andrew Yang Ends Presidential Bid 1

Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal showing in the New Hampshire primary Tuesday.

Yang entered the race in November 2017, centering his campaign around his signature “universal basic income” proposal, which would provide a $1,000 per month income to American adult. However, as a candidate, he also created policy positions around the crypto and broader technology spaces.

In particular, he advocated for a comprehensive national approach to blockchain and crypto, rather than a “hodgepodge” of state and uncertain federal regulations.

“I think it’s unfair to folks and I think it’s a clear emblem of the U.S.’s approach, and [customers] ask ‘what the heck,'” he said at CoinDesk’s Consensus 2019. “It’s one thing that they [regulators] come down when there’s clear guidelines [but there aren’t in crypto]. So the regulators owe us some degree, owe the community some degree of clarity.”

His campaign drew a large amount of support on social media, with many crypto proponents joining his #YangGang over the past two years.

This showing did not translate into support at the Iowa Caucus, where he received zero state delegates and only 1 percent of the vote, or in New Hampshire, where he received 2.9 percent of the vote as of press time, according to The New York Times.

Yang began laying off campaign staff following last week’s Iowa Caucus, before formally shuttering his bid Tuesday night.

“It is clear tonight from the numbers that we are not going to win this race,” he said in his announcement.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin33,487 0.56 % 6.96 % 22.34 %
Ethereum2,205.1 0.73 % 12.23 % 34.30 %
Tether0.9992 0.46 % 0.43 % 0.11 %
Binance Coin342.57 0.94 % 11.52 % 31.29 %
USD Coin0.9972 0.00 % 0.50 % 0.25 %
Cardano0.9670 0.37 % 14.10 % 31.38 %
XRP0.5642 0.43 % 9.60 % 27.62 %
Solana82.83 1.70 % 19.02 % 44.01 %
Terra60.75 1.82 % 11.92 % 30.18 %
Polkadot16.21 0.87 % 13.54 % 41.56 %

Bitcoin (BTC) $ 33,650.00
Ethereum (ETH) $ 2,217.27
Tether (USDT) $ 1.00
Binance Coin (BNB) $ 342.66
USD Coin (USDC) $ 1.00
Cardano (ADA) $ 0.971255
XRP (XRP) $ 0.567745
Solana (SOL) $ 82.92
Terra (LUNA) $ 60.85
Polkadot (DOT) $ 16.26