Former presidential candidate Andrew Yang is working for mayor of New York Metropolis. He has promised that as mayor he would spend money on making the town “a hub for bitcoin and different cryptocurrencies.” Yang can also be pro-universal primary earnings (UBI) and desires to launch “the biggest primary earnings 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 main is on June 22. He ran for U.S. president within the 2020 election earlier than dropping out early final 12 months.
Yang tweeted Thursday: “As mayor of NYC – the world’s monetary capital – I may spend money on making the town a hub for BTC and different cryptocurrencies.”
“I’m working for mayor as a result of I see a disaster – and I consider I will help,” 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 12 months, he clarified his cryptocurrency coverage whereas he was nonetheless within the working for President. He emphasised: “we have to have a uniform algorithm and rules round cryptocurrency use nationwide as a result of proper now we’re caught with this hodgepodge of state-by-state therapies … that might 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 are able to keep competitiveness.”
Yang can also be well-known for his assist of common primary earnings (UBI). “We have to launch the biggest primary earnings program in historical past, spend money on 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 good 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 option to changing into a bitcoin hub. Miami Mayor Francis Suarez has lately gained support from the town commissioners to permit tax funds in bitcoin in addition to making the cryptocurrency an appropriate foreign money for the town to probably spend money on and maintain in its treasury reserves sooner or later.
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