It’s no surprise that social media heavily impacted the 2016 presidential elections and there’s no slowing down for the upcoming 2020 presidential elections. All presidential contenders are utilizing social media platforms to get their messages out there in an attempt to resonate with the public.
You may have heard of Andrew Yang, the Democratic contender who is well known for his proposal of a universal basic income. It may sound absurd but Yang argues that within the next 12 years, 1 out of 3 American workers is at risk of losing their jobs due to the rise of new technologies such as automation and artificial intelligence. The risk increases as these technologies continue to progress further.
According to Yang’s presidential website, universal basic income would give anyone over the age of 18 a monthly $1,000 check regardless of income or employment status. It wouldn’t be a life-changing sum but is intended to help Americans stay afloat and incentivize residents to spend more.
But that’s not all the presidential candidate is known for. Yang has voiced his support for cryptocurrencies and is even accepting crypto donations for his presidential campaign, as reported by CoinTelegraph. As crypto donations have the potential to cause problems due to American laws restricting anonymous donations, potential donors would have to first provide their personal details and only receive the donation wallet address upon confirmation.
Yang recently spoke on stage at Consensus 2019 in New York City. The presidential contender showcased his support for the crypto community and stated that although he doesn’t personally own any crypto, he does have funds in a vehicle that has some crypto holdings. Yang addressed the current issues with today’s framework, criticizing it as unclear and unfair to people operating in the crypto space. Even throwing a hint at how the future would look with Yang in the White House.
The work you’re doing is difficult…but it is the future. If I’m in the White House oh boy are we going to have some fun.
In the midst of his 2020 presidential run, Yang has demonstrated a knowledge of the fundamental importance of the industry. Stressing the revolutionary potential of blockchain as “one of the key technologies” for the future, as reported by CoinDesk, the candidate envisions blockchain as an integral component of the next-generation economy. Yang believes that there should be clear nationwide guidelines governing digital assets and promises to be a friend to the industry should he prevail in the upcoming presidential election.
A presidential contender who has publicly announced his support for cryptocurrencies is sure to gain a few supporters within the crypto space. It won’t be long until we see presidential candidates adopt their own national framework for digital assets regulation as a staple part of their presidential campaign.
As we further deeper into the development of blockchain technology and cryptocurrencies, the recent push towards progressive regulation is a promising signal that widespread government acceptance and mass adoption may be on the horizon.
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