Former presidential candidate Andrew Yang is running for Mayor of New York City. He has promised to invest as mayor to turn the city into a “center for Bitcoin and other cryptocurrencies”. Yang is also a Universal Basic Income (UBI) and wants to start “the greatest basic income program in history”.
Andrew Yang promises to turn New York City into a Bitcoin and Crypto hub as Mayor
Entrepreneur and former presidential candidate Andrew Yang is running for Mayor of New York City. The democratic primary will take place on June 22nd. He ran for US president in the 2020 elections before retiring early last year.
Yang tweeted Thursday, “As the mayor of NYC – the world’s financial capital – I could invest to make the city a hub for BTC and other cryptocurrencies.”
“I’m running for mayor because I see a crisis – and I think I can help,” Yang said on his campaign website. The pro-bitcoin candidate moved to New York 25 years ago.
Yang has long been a proponent of Bitcoin. He clarified his cryptocurrency policy early last year while he was running for president. He emphasized, “We need to have uniform rules and regulations nationwide for the use of cryptocurrencies as we are currently facing this accumulation of government treatments … that would be my priority … just clear and transparent rules so that everyone knows where they can go in the future and that we can maintain competitiveness. “
Yang is also known for his support for the Universal Basic Income (UBI). “We need to launch the largest basic income program in history, invest in a people-centered economy, return to fact-based governance and create an accessible health system,” he wrote on his campaign website. “We need to do all of this as we conduct responsible and intelligent policing, build affordable housing, close our city’s digital divide, modernize transportation and city services, and more.”
Meanwhile, another US city is already on the way to becoming a Bitcoin hub. Miami Mayor Francis Suarez recently received assistance from city commissioners to allow tax payments in Bitcoin and make cryptocurrency an acceptable currency for the city to potentially invest in and hold on its treasure reserves in the future.
Do you think Andrew Yang will successfully turn NYC into a BTC hub? Let us know in the comments below.
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