RATE Group | Yang in the Oval Office Is Bitcoin’s Only Chance of Reaching Critical Mass
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Yang in the Oval Office Is Bitcoin’s Only Chance of Reaching Critical Mass

01 Feb Yang in the Oval Office Is Bitcoin’s Only Chance of Reaching Critical Mass

Posted at 23:47h in Cryptocurrency News by

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  • Yang: cryptocurrencies need “one national framework.”
  • The U.S. is falling behind in crypto innovation.
  • Yang may be bitcoin’s only chance at mass adoption.

For bitcoin and other cryptocurrencies to unlock their full “potential,” there needs to be a holistic approach to crypto regulation. This is according to the 2020 U.S. presidential hopeful Andrew Yang, who has presented yet another bullish argument in favor of cryptocurrencies.

In a recent interview with Bloomberg, Yang remarked that cryptocurrencies have a “high potential” for success and that the U.S. should spend more time investing in them.

Regardless of his optimism, Yang caveats that the current “hodgepodge” of crypto regulation—spread as it currently is throughout multiple jurisdictions—is impeding adoption, innovation and investment. Yang says consolidated regulation is the key for mass adoption:

We need to have a uniform set of rules and regulations around cryptocurrency…

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