Yesterday noticed a shock assembly between Litecoin Founder Charlie Lee and Democratic US presidential candidate, Andrew Yang. It’s no secret that each have been outspoken of their beliefs surrounding blockchain and share a fascination with cryptocurrencies and the function they’ll play in society. Yang, not giving something away tweeted a photograph of the 2 and hinted at additional collaboration sooner or later:
@SatoshiLite on being such a pioneer – let’s construct the longer term.👍
Yang’s understanding and openness has lead him to be dubbed by some within the area because the ‘crypto candidate’. He’s seen as somebody who may probably assist tremendously speed up adoption of the know-how all through the US had been he to be elected.
“Funding in cryptocurrencies and digital property has far outpaced our regulatory frameworks within the US. We must always let buyers, firms, and people know what the panorama and therapy will likely be transferring ahead to help innovation and improvement. The blockchain has huge potential.”
“I imagine that blockchain must be a giant a part of our future. If I’m within the White Home, oh boy are we going to have some enjoyable by way of the crypto forex neighborhood.”
Yang has up to now been the one candidate to activly handle the rising world or blockchain and crypto even going so far as having a devoted web page on his web site laying out his plans on how authorities would deal with this new asset class:
“As President, I’ll promote laws that gives readability within the cryptocurrency/digital asset market area by:
• Defining what a token is, and when it’s a safety (e.g., recognizing “utility tokens”)
•Outline which federal companies have regulatory energy over the crypto/digital property area
• Present for shopper protections within the area
• Make clear the tax implications of proudly owning, promoting, and buying and selling digital property
• Promote the nationwide adoption of recognition of protections afforded by a sequence LLC
• Preempt state rules when potential to create one nationwide framework
•Work with the sponsors of the Token Taxonomy Act and Wyoming legislators to advertise the above, largely modeled after their work.”
The assembly then, with Charlie Lee, would seem like Yang’s bid to proceed the nice will that he has constructed up to this point and a possible intention of future collaboration, to assist form future regulatory framework with revered, educated figures throughout the area.
