Cryptocurrencies have turned into every investor’s favorite asset now. Presidential candidate, Andrew Yang has time and again exerted his interest in crypto, especially Bitcoin. Once again, as the value of the asset as well as the crypto industry is booming, Yang seemed to be getting back into the game.
Andrew Yang Wants Bring BTC Into NYC
After his bid to become the President of the United States failed, Yang has reportedly decided to run for the role of the New York City Mayor. However, now Yang wants to turn NYC into a crypto-friendly city. Yang tweeted about the same and said,
“As mayor of NYC—the world’s financial capital—I would invest in making the city a hub for BTC and other cryptocurrencies,” he wrote today.”
This tweet had unquestionably engrossed the crypto community. The world’s largest cryptocurrency exchange, Binance’s CEO CZ suggested that the exchange could help Yang achieving the same.
While Yang seemed to be securing good numbers in the poll, his sudden interest to transform NYC could take time. The regulatory climate in the US hasn’t always been favorable for the crypto-verse. Bitlicense has been a major roadblock for crypto platforms to function in the state of New York. Therefore, in the comment section of Andrew Yang’s latest tweet, people urged him to end Bitlicense. One such tweet read,
Just as the crypto industry hit $1.40 trillion, the market cap of Bitcoin took over prominent platforms like Tesla and Facebook. The price of the king coin did not shy away either as it is currently trading for a high of $47K. This seemed to have lured in a host of people. Earlier this month, the Mayor of Miami Francis Suarez expressed his interest in BTC and even hopes to pay the employees of the city in cryptocurrency.
Several from the community went on to laud Suarez for this move. But, Yang went on to face an array of questions, with regard to Bitlicense.