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Candidate for Mayor Andrew Yang Plans to Make New York Metropolis a Bitcoin Hub

02/14/2021
Candidate for Mayor Andrew Yang Plans to Make New York City a Bitcoin Hub

Former presidential candidate Andrew Yang is working for mayor of New York Metropolis. He has promised that as mayor he would put money into making town “a hub for bitcoin and different cryptocurrencies.” Yang can also be pro-universal fundamental revenue (UBI) and desires to launch “the most important fundamental revenue program in historical past.”

Andrew Yang Guarantees to Flip New York Metropolis Right into a Bitcoin and Crypto Hub as Mayor

Entrepreneur and former presidential candidate Andrew Yang is working for mayor of New York Metropolis. The Democratic major is on June 22. He ran for U.S. president within the 2020 election earlier than dropping out early final yr.

Yang tweeted Thursday: “As mayor of NYC – the world’s monetary capital – I may put money into making town a hub for BTC and different cryptocurrencies.”

Candidate for Mayor Andrew Yang Plans to Make New York City a Bitcoin Hub

“I’m working for mayor as a result of I see a disaster – and I imagine I can assist,” Yang defined on his marketing campaign web site. The professional-bitcoin candidate moved to New York Metropolis 25 years in the past.

Yang has lengthy been a proponent of bitcoin. Early final yr, he clarified his cryptocurrency coverage whereas he was nonetheless within the working for President. He emphasised: “we have to have a uniform algorithm and laws round cryptocurrency use nationwide as a result of proper now we’re caught with this hodgepodge of state-by-state remedies … that may be my precedence … simply clear and clear guidelines so that everybody is aware of the place they’ll head sooner or later and that we will keep competitiveness.”

Yang can also be well-known for his assist of common fundamental revenue (UBI). “We have to launch the most important fundamental revenue program in historical past, put money into a human-centered financial system, return to fact-based governance, and create an accessible healthcare system,” he wrote on his marketing campaign web site. “We have to do all this whereas enacting accountable and sensible policing, constructing reasonably priced housing, closing our metropolis’s digital divide, modernizing transportation and metropolis providers, and extra.”

In the meantime, one other U.S. metropolis is already on its technique to turning into a bitcoin hub. Miami Mayor Francis Suarez has just lately gained assist from town commissioners to permit tax funds in bitcoin in addition to making the cryptocurrency an appropriate foreign money for town to probably put money into and maintain in its treasury reserves sooner or later.

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