“See you back in New York,” Andrew Yang said as he ended his campaign for US president.
Cryptocurrency holders saw an ally in 2020 presidential hopeful Andrew Yang, so the news that he was suspending his campaign on Feb. 11 came as a major disappointment. As one of the outspoken candidates on blockchain and crypto, Yang outlined his plans for the cryptocurrency industry and discussed implementing blockchain-based mobile voting for the upcoming election. One of the political action committees (PAC) supporting Yang even allowed donations in Bitcoin.
Yang’s progressive ideas when it came to universal basic income drove his campaign out of obscurity and into the national spotlight in 2019. Yet he was unable to match the support of candidates like Senators Elizabeth Warren and Bernie Sanders in the Iowa caucus and New Hampshire primary to continue his presidential run. Despite these setbacks, the entrepreneur alluded to getting involved in local elections upon his return to New York City:
“I would certainly not rule out running for office again.”
Who’s Left to Support Crypto on the National Stage?
Cointelegraph has previously reported that a President Bernie Sanders would be “amazing for Bitcoin”, but the candidate has rarely (if ever) spoken on the topic. Senator Elizabeth Warren has spoken of cryptocurrencies being easy to steal and highlighted her desire for additional regulations to prevent fraud.
The crypto community may have lost its presidential candidate. However, Andrew Yang still has the opportunity to bring his forward-thinking approach to cryptocurrencies and blockchain technology as the mayor of New York City:
“I’m not going away. The Yang Gang is not going away. So the plan is to keep on pushing the ideas of this campaign across the finish line. So we’re not going anywhere.”