Bygone presidential candidate Andrew Yang is running for mayor of New York City. He has promised that as mayor he would seat in making the city “a hub for bitcoin and other cryptocurrencies.” Yang is also pro-universal basic income (UBI) and wants to launch “the largest underlying income program in history.”
Andrew Yang Promises to Turn New York City Into a Bitcoin and Crypto Hub as Mayor
Entrepreneur and antediluvian presidential candidate Andrew Yang is running for mayor of New York City. The Democratic primary is on June 22. He ran for U.S. president in the 2020 vote before dropping out early last year.
Yang tweeted Thursday: “As mayor of NYC – the world’s financial capital – I could install in making the city a hub for BTC and other cryptocurrencies.”
“I am running for mayor because I see a crisis – and I believe I can help,” Yang explained on his manoeuvres website. The pro-bitcoin candidate moved to New York City 25 years ago.
Yang has long been a proponent of bitcoin. Originally last year, he clarified his cryptocurrency policy while he was still in the running for President. He emphasized: “we need to have a unchanging set of rules and regulations around cryptocurrency use nationwide because right now we’re stuck with this hodgepodge of state-by-state treatments … that wish be my priority … just clear and transparent rules so that everyone knows where they can head in the future and that we can fight for competitiveness.”
Yang is also well known for his support of universal basic income (UBI). “We need to launch the greatest basic income program in history, invest in a human-centered economy, return to fact-based governance, and create an accessible healthcare group,” he wrote on his campaign website. “We need to do all this while enacting accountable and smart policing, building affordable habitation, closing our city’s digital divide, modernizing transportation and city services, and more.”
Meanwhile, another U.S. city is already on its way to comely a bitcoin hub. Miami Mayor Francis Suarez has recently gained support from the city commissioners to allow tax payments in bitcoin as fountain as making the cryptocurrency an acceptable currency for the city to potentially invest in and hold in its treasury reserves in the future.
Do you think Andrew Yang commitment successfully make NYC a BTC hub? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational rationales only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not cater investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss occasioned or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.