Blockchain, Crypto Supporter Andrew Yang Ends His Race To Become 2020 President

  • Crypto's favorite democratic candidate drops out of Presidential race following New Hampshire vote.
  • Yang promises his “Yang Gang” he will be back in the future.

Democratic National Congress 2020 Presidential candidate, Andrew Yang, announced he will be suspending his campaign conceding a bleak future in winning the elections. Yang had built his campaign around the universal basic income project for adults in the U.S. and crypto-friendly regulations. However, the dismal performance in New Hampshire and Iowa Caucus, Yang felt it best to step aside from the DNC Presidential nomination.

Speaking to his supporters following the NH elections, Yang said,

“While there is great work left to be done, you know, I am the math guy, and it is clear tonight from the numbers that we are not going to win this race. … Tonight, I am announcing that I am suspending my campaign for president.”

Yang has been an instrumental figure in pushing the crypto regulation agenda since joining the presidential race in November 2017. During the 2019 Coindesk Consensus conference, Yang called out financial authorities and regulators to take steps to introduce crypto regulation to enable development in the space. He said,

“It’s one thing that they [regulators] come down when there’s clear guidelines [but there aren’t in crypto]. So the regulators owe us some degree, owe the community some degree of clarity.”

Moreover, Mr. Yang had promised to introduce a “universal basic income” of $1,000 USD to every adult in America in a bid to boost economic growth and improve quality of life across the country. However, the plan was heavily criticized by his opponents, as it didn’t sound economically sound.

Yang’s plans to introduce crypto regulation in the U.S is a positive one, that most in the field will remember and despite bowing out of the 2020 Presidential election, Yang Gang will be proud of their candidate’s efforts.

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