US Politician Andrew Yang and his ‘Crypto Party’

The former Democrat wants to relate to the American crypto enthusiasts

Andrew Yang speaking at a convention                                 
Andrew Yang speaks during National Action Network 2019 convention at Sheraton Times Square – Photo: Shutterstock
                                

Andrew Yang, former member of the US Democratic Party and candidate for the 2020 Democratic Party president primaries, stated that he wish his recently formed Forward Party, a political organisation seeking to form a new political party in the US, aims to be the US Crypto Party.

The slogan of the Forward Party is: “Not right. Not left. Forward”. Yang made these pro crypto comments on the Bankless podcast called ‘Forward with crypto | Andrew Yang’.

Yang wants to relate to the American crypto enthusiast and said: “I want to make the Forward Party the Crypto Party, truly. Because I see the alignment as very, very deep. I want to make the case to legislators the cryptocurrency community is a force for progress, a force for innovation, a massive provider of jobs.”

Crypto could help ease Covid financial problems

The former Democrat believes that crypto could assist the financial problems brought about by the Covid-19 pandemic in the US, such as the issues with the country’s banking system and its money supply.     

Yang said: “My hope is that we can try to get some sanity into Washington around the fact that cryptocurrencies should be here to stay and if we are thoughtful about it, we could do an enormous amount of good to solve some of our biggest problems that we are struggling with.”

However, the US politician does believe that cryptocurrencies need some regulation. Yang feels that investors cannot fully operate on a market with no rules at all.

The Forward Party founder also said: “I don’t think it’s realistic to expect that you can do your own thing entirely. There will have to be some regulation, but you want to do it the right way, the intelligent way.”

Not the first US politician to speak well of crypto

Miami mayor, Francis Suarez, has expressed support for cryptos and attempted to integrate them into everyday life in Miami. In June, the city of Miami held the largest crypto gathering ever, ‘bitcoin2021’, which had a sold-out crowd of 12,000 people and featured talks from Twitter CEO Jack Dorsey, bitcoin bull and CEO of MicroStrategy Incorporated Michael Saylor, as well as skateboarding legend and bitcoin investor Tony Hawk.

Suarez told CNBC in a June interview that he wants Miami to be “seen as a city that focuses on the next series of technological advances like artificial intelligence (AI), crypto and biotech”.

The Miami mayor also said he is actively looking into allowing people to be paid in bitcoin, so that workers can choose to receive part or all their pay in crypto. As well as enabling some tax payments to be made in crypto.

Suarez himself holds both bitcoin and ethereum.

Further reading: Trump NFTs due soon as Dems launch first political NFT platform

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