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❕NEWS Andrew Yang Would Support a Dedicated Digital Asset Regulator

L

LutherKing

Guest
Former presidential and New York City mayoral candidate Andrew Yang said he is in favor of a regulatory agency exclusively focused on crypto, noting that the current regulators naturally look to stifle the growing space

He said with the us allowing investing into future and trading options at the mercantile Chicago exchange it is now time to move up from sec that has no approach other than taking the risk assessment he says despite Canada approving etf us is far left behind and nredds to be replacing sec withan new company that focuses on innovative growth than better
 
He does have a very valid point. Cryptocurrency is another world on its own and those unfamiliar with it are likely to have an unfavorable disposition towards it and that can impede the growth of the space especially when such people are part of the regulatory body. It would be way better to have a regulatory body which is strictly for cryptos that could handle things in the space with no bias or preconceived opinions.
 
I believe that the government in general are actually getting it completely wrong whenever it comes to cryptocurrency. The thing is that provided an agency is going to be set aside to regulate cryptocurrency then it means that the main aim of the creation itself has been dead . Cryptocurrency was always created to be a decentralized platform in which everybody can be able to manage his own money and that is exactly how it should continue.
 

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