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Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal displaying within the New Hampshire main Tuesday.
Yang entered the race in November 2017, centering his marketing campaign round his signature “common fundamental revenue” proposal, which would supply a $1,000 monthly revenue to each American grownup. Nonetheless, as a candidate, he additionally created coverage positions across the crypto and broader expertise areas.
Particularly, he advocated for a complete nationwide strategy to blockchain and crypto, quite than a “hodgepodge” of state and unsure federal laws.
“I believe it’s unfair to people and I believe it’s a transparent emblem of the U.S.’s strategy, and [customers] ask ‘what the heck,'” he mentioned at CoinDesk’s Consensus 2019. “It’s one factor that they [regulators] come down when there’s clear pointers [but there aren’t in crypto]. So the regulators owe us a point, owe the group a point of readability.”
His marketing campaign drew a considerable amount of assist on social media, with many crypto proponents becoming a member of his #YangGang over the previous two years.
This displaying didn’t translate into assist on the Iowa Caucus, the place he acquired zero state delegates and only one % of the vote, or in New Hampshire, the place he acquired 2.9 % of the vote as of press time, in line with The New York Occasions.
“It’s clear tonight from the numbers that we’re not going to win this race,” he said in remarks in the course of the night.
Disclosure Learn Extra
The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.
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