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Founder of Venture for America; a 2020 democratic presidential candidate.

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What Would President Andrew Yang Do For Cryptocurrency?

Andrew Yang is a 2020 presidential candidate who has earned sizable grassroots support from left-leaning cryptocurrency enthusiasts, and neoliberal technophiles; as well as a significant section of both professional and independent media organisations.Read the full story
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Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies

Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American legislators are out of touch with innovative technologies. Also Read: Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical Andrew Yang Explains How He Would Handle Cryptocurrencies if He Were President The 2020 Democratic Presidential candidate Andrew Yang wholeheartedly believes technology has outpaced the American government’s understanding of it. In a blog post written on Thursday, Yang wrote that the government allows giant tech companies to thrive, but falls short on protecting users from the same firms scouring data. Yang highlighted that during the congressional hearings with Facebook CEO Mark Zuckerberg, the meetings “exposed the lack of basic understanding of technology by members of our Congress.” In the latter half of Yang’s post, the presidential candidate discussed cryptocurrencies and video game loot boxes. Yang believes the U.S. government needs to be “forward-thinking and informed” about digital assets so they don’t “stifle innovation.” “Cryptocurrencies are seeing levels of fraud because of the lack of regulation,” Yang writes. “Other countries, which are ahead of us on regulation, are leading in this new marketplace and dictating the rules that we’ll need to follow once we catch up.” Yang’s post emphasizes that digital currencies now represent an enormous amount of value and economic activity “outstripping government’s response.” The candidate thinks a national standard has yet to emerge and there are several conflicting jurisdictions when it comes to cryptocurrencies. Yang added: 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 New York’s Bitlicense. Navigating this has had a chilling effect on the U.S. digital asset market. Another Big Government Candidate Yang says as President he will promote legislation that provides clarity on cryptocurrency-digital asset market space, have the government define what a token is and when it is a security and also clarify the tax implications of owning, selling, and trading digital assets. Despite Yang being open to forward-thinking concepts like legalizing marijuana on the federal level, lots of digital currency influencers and libertarians believe his leftist views are concerning. Crypto enthusiasts who lean more toward the libertarian side believe that Yang is just another socialist planning to redistribute wealth. For instance, Yang wants to give every American money with a universal basic income (UBI) plan but the funds will be taken from someone else. All the 2020 presidential candidates whether they are running with the left or right want more government. Yang wants to “create one national framework” for technologies like cryptocurrencies, but doesn’t realize many people believe digital currencies were born to disrupt nationalized frameworks. What do you think about Andrew Yang’s “Regulating technology firms in the 21st century” blog post that details how he would handle cryptos if he were president? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Wiki Commons, Fair Use, Yang2020, Pixabay, and Twitter. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies appeared first on Bitcoin News.
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Dem Presidential Hopefuls Are Starting to Sound a Lot Like Andrew YangDem Presidential Hopefuls Are Starting to Sound a Lot Like Andrew Yang

Elizabeth Warren says she is open to the idea of UBI. Warren is the latest Democratic candidate to warm up to Andrew Yang’s ideas.  Democratic front runners will need support from the Yang Gang to take on President Trump in 2020. Andrew Yang has spent most of the race as a maverick, but now his ideas […] The post Dem Presidential Hopefuls Are Starting to Sound a Lot Like Andrew Yang appeared first on CCN.com As the race to take on President Trump intensifies, Democratic candidates look to win support from the Yang Gang.
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US Presidential Hopeful Andrew Yang Plans to Regulate Cryptocurrencies at Federal Level

Coinspeaker US Presidential Hopeful Andrew Yang Plans to Regulate Cryptocurrencies at Federal LevelFor the first time in the upcoming United States Presidential elections, a hopeful is paying attention to technology in general and cryptocurrencies in particular. Andrew Yang, who is planning to contest on the platform of the democratic party, has revealed plans to create a Federal Regulatory Agency for cryptocurrencies.He made this disclosure in a blog post which was published last week. He indicated the propensity for fraud within the crypto space due to a dearth of regulatory cover within the United States and also said that the United States Government needs to catch up and overtake big tech companies and other countries as regards cryptocurrencies. He wrote:“[They] have …amassed too much power, largely profiting from our personal data, and unaccountable responsibility – we have reached a point where the government needs to step in.”He further indicated that because there is no national framework for cryptocurrencies, federal agencies are classifying crypto assets like commodities, properties or securities. In one example, he referred to the “Bitlicense” offered by the New York State Department of financial services as “Onerous Regulation” and that the usage of various kinds of regulation has had a “chilling” effect on the digital asset space in America. He also indicated plans of setting up a Department of Technology and also resurrect the Office of Technology Assessment which the United States congress shutdown in 1995. He mentioned:“This Department, based in Silicon Valley and initially focused on Artificial Intelligence, will be led by a Secretary of Technology who will spearhead public-private partnerships to tackle emerging threats and maximize the benefit of technological innovation to society.”He went further to state that for the crypto space to be fully regulated in America, the definition of terms such as tokens and securities must be clear. He also added that the agencies must define their roles specifically in the crypto space as to who does what why and where within the crypto space. He spoke further about the tax obligations for the ownership, sales, and trading of cryptocurrency tokens and further tried to define consumer protections against unscrupulous individuals as well. Yang took a swipe at members of the United States Congress indicating their lack of knowledge in the field which was on open display at the recent hearings on the matter with Facebook’s CEO for instance. “It’s embarrassing to see the ignorance some members of Congress display when talking about technology, and anyone who watched Congress question Mark Zuckerberg is well aware of this.” He went further to state that he plans to use a “21st-century approach” which will enable regulations that enhance “the knowledge and capacity of government while using new metrics to determine competitiveness and quickly identifies emerging tech in need of regulation.”He also revealed his intentions to regulate the deployment of data and to establish rights as regards privacy. “The associated rights will enable individuals to retain ownership and share in the economic value generated by their data.”Yang is not new to these kinds of assertions. In April, he indicated his position on cryptocurrencies. He has also advocated for voting using blockchain technology. His supporters have also indicated their stand by launching a political action committee (PAC) that accepts Bitcoin donations as a proof-of-concept as regards his position.US Presidential Hopeful Andrew Yang Plans to Regulate Cryptocurrencies at Federal Level
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Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he was extremely upset that his friend’s and family’s sensitive personal data “is now in the hands of [Poloniex].” Not too long after Tate’s tweet, the Poloniex Twitter account responded by denying ownership of U.S. customer data, and revealed the exchange would “delist DGB soon.” Also Read: Circle Warns Poloniex US Customer Assets May Be Sent to the Government Crypto Community Discusses Poloniex Delisting Digibyte ‘After Careful Review’ The trading platform Poloniex has been scrutinized lately after the over-the-counter (OTC) digital currency management firm Circle sold the exchange in October. After the spinoff, Frank Chaparro and Celia Wan asserted that “Tron founder Justin Sun is behind Poloniex’s spin-off.” Others in the crypto industry also assumed Sun had a hand in the crypto exchange purchase. At the time, Tron (TRX) founder Justin Sun denied being behind the exchange purchase, but on November 12 he admitted he was part of a group of investors behind the Poloniex acquisition during a live-streamed broadcast published on Twitter. Moreover, since Poloniex left the Circle umbrella, U.S. customers have been banned from using the platform and asked to withdraw coins by a certain date. Circle emailed its U.S. customers this week and detailed that it may charge dormant fees to people who don’t withdraw their crypto and digital assets may be sent to governments. After the news, Digibyte (DGB) founder Jared Tate took to Twitter and said he was not very happy about the situation. The tweetstorm also attacked the Tron (TRX) network and Tate called Poloniex a “TRX shill factory after making off with U.S. customers’ sensitive data.” After discussing his dislike for the crypto and the business move Tate wrote: I am royally pissed my personal data, my friend’s and family’s data and other U.S. Digibyte customers’ most sensitive data is now in the hands of this circus that is now Poloniex. Or the TRX shill factory as we should now call it. After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced. — Poloniex Exchange (@Poloniex) December 5, 2019 Aggressive Strategy The tweets received a response from the Poloniex Twitter account after Tate accused the company of holding U.S. data. “We don’t own any U.S. customers’ data as all of them are preserved by Circle,” the Poloniex account replied to the Digibyte founder. “By the way, after careful review, we decided digibyte is not qualified for our listing standard [and] we will delist DGB soon — Details to be announced.” After the Poloniex account announced the exchange would delist DGB, the discussion became a hot topic on social media and crypto forums. The Block analyst Larry Cermak tweeted “What’s happening with Tron and Poloniex is an embarrassment — Please don’t delist me Poloniex.” Podcaster Udi Wertheimer explained how the controversy was great marketing. “Poloniex was a completely irrelevant exchange up until a few months ago. No one remembered it existed,” Wertheimer tweeted. “Now with a new eccentric owner, and an aggressive social media strategy, it’s everyone’s favorite topic. Watch and learn plebs.” Wertheimer is right that the community and the company’s decisions have made the Poloniex and Tron relationship a trending topic within crypto circles. The recent email from Circle and the announcement that the exchange will delist DGB also follows Poloniex’s acquisition of TRXmarket. The largest decentralized exchange (dex) by volume on the Tron network was purchased by Poloniex for an undisclosed sum. What do you think about Poloniex delisting DGB? What do you think about people criticizing the relationship between Poloniex and Tron? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, and Twitter. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post Tron and Poloniex Relationship Scrutinized After Digibyte Delisting appeared first on Bitcoin News.
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Poloniex Delists DigiByte (DGB) After the Founder Criticizes TRON

Digibyte has been thrown out of the exchange Poloniex after critical words were said of TRON’s Justin Sun. What’s Next? The news must have come as a shock for many in the crypto sphere, and many believe that it came about because of Digibyte founder Jared Tate’s incessant criticism of TRON founder Justin Sun. TRON is the 12th biggest cryptocurrency in the world, and in a Twitter thread yesterday, Tate went on to criticize the project in no uncertain terms. In the aforementioned thread, Tate called Sun a ‘crook’ and eventually went on to ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Microsoft, Enjin (ENJ) Partner to Launch DLT-Based Recognition Project

Microsoft, a global tech giant has joined forces with the Enjin (ENJ) distributed ledger technology (DLT) project to launch a blockchain-based recognition program dubbed Azure Heroes. The project aims to reward tech experts from all backgrounds with unique Ethereum-based non-fungible tokens (NFTs) for their contributions to society, according to a blog post on December 4,Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Dash (DASH) Upgrades Block Explorer to Offer Users More Features

Dash (DASH) one of the top privacy-protecting cryptos in existence has announced plans to update its current blockchain explorer which is built upon the Abe application programming interface (API). The new Dash explorer is based on the Insight API and it is scheduled to go live on January 7, 2020, according to a blog postRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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