US presidential candidate in the 2020 elections, Andrew Yang, has prepared a statement regarding the regulation of the market of cryptocurrency assets.

According to Yang, his goal is to:

“Create clear guidelines in the digital asset world so that businesses and individuals can invest and innovate in the area without fear of a regulatory shift.”



“It’s time for the federal government to create clear guidelines as to how cryptocurrencies/digital asset markets will be treated and regulated so that investment can proceed with all relevant information,” the statement said.

Yang also describes his further actions if he is chosen by the President of the United States:

“As president, I will advocate legislation that provides clarity in the cryptocurrency/digital assets market by defining what a token is when it is a security (for example, “Utility token”), appointing federal agencies with authority in the cryptocurrency/digital assets space, providing protection to consumers in this space, clarifying the consequences of owning, selling and trading digital assets and in the context of taxation, exemption of the industry from the requirements of individual state laws in favor of a single national legal framework, whenever possible.”

In his message, the presidential candidate refers to the bill on the classification of tokens, recently re-submitted to Congress, and mentions significant developments on this issue that are currently available to the legislators of the State of Wyoming.

Featured image:

Chris Zoeller/Globe-Gazette/AP