Former presidential candidate Andrew Yang is running for mayor of New York City. He has promised that, as mayor, he will invest in making the city “a hub for Bitcoin and other cryptocurrencies.” Yang is also a supporter of UBI and wants to start “the largest basic income plan in history.”

Andrew Yang promises to transform the mayor of New York into a Bitcoin and crypto hub

Entrepreneur and former presidential candidate Andrew Yang is running for mayor of New York City. The Democratic primary election is on June 22. He ran for President of the United States in early 2020 and then dropped out of school early last year.

Yang tweeted on Thursday: “As the mayor of New York City – the financial capital of the world – I can invest in making this city a hub for BTC and other cryptocurrencies.”

Mayor Andrew Yang’s candidate plans to make New York City a Bitcoin hub

Yang explained on the campaign website: “I ran for mayor because I saw a crisis-I believe I can help.” 25 years ago, the candidate who supported Bitcoin moved to New York City.

Yang has long been a supporter of Bitcoin. At the beginning of last year, while he was still running for president, he clarified his cryptocurrency policy. He emphasized: “We need to formulate a unified set of rules and regulations around the use of cryptocurrency nationwide, because now we are bound by this state-to-state hodgepodge…this will be my priority…simply Set clear and transparent rules so that everyone knows where they will go in the future and we can remain competitive.”

Yang is also known for his support of UBI. He wrote on the campaign website: “We need to launch the largest basic income plan in history, invest in a people-centered economy, restore fact-based governance, and create an accessible healthcare system.” “We need to do. At this point, at the same time, we will formulate responsible and wise public security policies, build affordable housing, narrow the digital divide in the city, and modernize transportation and urban services.”

See also  Shark Tank's Barbara Corcoran advocates getting rich by investing in real estate instead of cryptocurrencies – Featured Bitcoin News

At the same time, another American city is already becoming a Bitcoin hub. The Mayor of Miami, Francis Suarez, recently received the support of city councilors to allow taxes to be paid in Bitcoin and make the cryptocurrency an acceptable currency for the city to invest in and hold its treasury reserves in the future.

Do you think Andrew Yang will make New York City a successful BTC hub? Let us know in the comments section below.

Picture Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or allegedly caused by the use or reliance on any content, goods or services mentioned in this article or related thereto.