US presidential candidate in the 2020 elections, Andrew Young, has prepared a statement regarding the regulation of the market of cryptocurrency assets .
According to Yang, his goal is to “create accessible leadership in the digital asset world so that business and individuals can invest in this area and develop it without fear of regulatory changes.”
“It’s time for the federal government to create clear guidelines on how digital assets / cryptocurrency markets will be regulated so that investments can be made on the basis of all the necessary information,” the statement said.
Young also describes his next steps if he is chosen by the President of the United States:
“As president, I’ll stand up for legislation that provides clarity in the cryptocurrency / digital assets market by defining what a token is when it is a security (for example, approving the concept of utility-token), the appointment of federal agencies with authority to space cryptocurrency / digital assets, providing protection to consumers in this space, clarifying the consequences of owning, selling and trading digital assets in the context of taxation, exempting the industry from the requirements of the laws are separate x states in favor of a single national legal framework, whenever possible. ”
In his message, the presidential candidate refers to the bill on the classification of tokens , recently re-submitted to Congress, and mentions significant developments on this issue that are currently available to the legislators of the State of Wyoming.
Publication date 04/19/2019
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