US Elections and Bitcoin

 Cryptocurrency Community Losses its Presidential Candidate

Elections and Bitcoin

Many crypto experts believe the U.S presidential elections in 2020 will be make or break the cryptocurrency movement in the country. Following Trump’s open distaste for cryptocurrency, many cryptocurrency fanatics were hoping a more crypto-friendly president will sit at the Oval Office at the end of the elections. But any hope for that changed looks to have died down following the news that Andrew Yang his withdrawing his candidacy. 

The news comes as a massive shock for the crypto and blockchain community. Should Yang have won, the crypto community would have gained an ally in the American Political Landscape. 

“While there is great work left to, you know, I am the math guy, and it is clear tonight from the numbers that we are not going to win this race […] I am not someone who wants to accept donations and support in a race that we will not win. And so tonight I am announcing I am suspending my campaign for president,”Yang said. 

This is the peak of the Presidential election season in the U.S and as such, there are already polls coming out. In one of such polls in Iowa, Yang barely got up to of the vote. 

An Advocate Of Crypto 

Yang is well known in the U.S as a promoter of entrepreneurial acts. He has since embraced the potential of blockchain technology and cryptocurrencies. 

During his early campaign speeches, Yang said that he would implement a blockchain-based mobile voting system if he emerges as the US president. In another campaign, he presented plans on how he would regulate the crypto industry among other things. 

 

 


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