Litecoin founder Charlie Lee met with 2020 US presidential candidate Andrew Yang.
Yesterday, Litecoin founder Charlie Lee and US Democratic presidential candidate Andrew Yang had a surprise meeting. Both men have been outspoken about their beliefs surrounding blockchain, and it’s no secret that they share a fascination with cryptocurrencies and the role they can play in society. Not giving anything away, Yang posted a photo of the two on Twitter, hinting at further collaboration in the future.
@SatoshiLite Let’s be pioneers and build the future.👍
Yang’s understanding and openness has led some in the industry to call him a ‘cryptocurrency candidate.’ He is seen as someone who, if elected, could potentially go a long way in accelerating technology adoption across the United States.
“Investment in cryptocurrencies and digital assets has far surpassed the US regulatory framework. We need to inform investors, businesses and individuals about the environment and treatments moving forward to support innovation and progress. “Blockchain has tremendous potential.” “I believe blockchain should be a big part of our future. “If I were in the White House, we would have a lot of fun in terms of the cryptocurrency community.”
Yang has so far been the only candidate to actively address the emerging world, or blockchain and cryptocurrencies, and has even launched a dedicated page on his website laying out his plans for how the government will handle this new asset class.
“As President, I will advance legislation that brings clarity to the cryptocurrency/digital asset market space by: • Define what a token is and when it is a security (e.g. recognize “utility tokens”) Authority for the cryptocurrency/digital asset space • Provide consumer protections in the space • Clarify the tax implications of owning, selling and trading digital assets . • Encourage nationwide adoption of the protections provided by the LLC Series. • Preempt state regulations where possible. •Worked with Token Taxonomy sponsors and Wyoming state legislators to promote the above, primarily modeled on their work, to create a national framework.”
At the time, the meeting with Charlie Lee was seen as an effort by Yang to continue the goodwill he had built to date and the potential intention of future collaboration to help shape the future regulatory framework with respected and knowledgeable figures within the industry. It will.