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The New Era is Coming: Here’s What Every Major 2020 US Presidential Candidate Says about Crypto

Originally published on: CoinSpeaker
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February 05, 2019

Photo: Pixabay

Photo: Pixabay

Before long, voters will know which Democrats support the Green New Deal and what mantra will replace Trump rally staple “Lock her up!”. Less prominent, though, are the candidates’ thoughts on Bitcoin, positions which do not always sort out along party lines.

Will the 2020 US presidential election bring us the first crypto-investor-in-chief, or will the voters elect someone with no qualms about using the long arm of the executive branch to impose burdensome regulations on the nascent asset class?

“Us must Stay Out of Mideast Wars”

One of the most favourable candidates is US Congresswoman Tulsi Gabbard of Hawaii who is also the candidate for the president of the United States in 2020. In December 2017, Gabbard bought Litecoin and Ether at the height of the crypto bull market, according to federal filings.

She said:

“I have decided to run and will be making a formal announcement within the next week.There are a lot of challenges that are facing the American people that I want to help solve.”

She also claims that her main concern is to make sure that the US does not continue to intervene in ongoing conflicts in the Middle East. Her other priorities include climate change, health care, and criminal justice reform.

There is one main issue that is central to the rest, and that is the issue of war and peace.

The other nominee for the president would be the Howard Schultz, the former CEO of Starbucks. He has also made headlines for his statements regarding bitcoin and blockchain technology. Schultz believes that bitcoin is not going anywhere today and even in the near future. But hey, don’t take his word for it, you might as well choose to hang onto that asset of yours a little while longer.

Blockchain, on the other hand, is what the former CEO believes people should be dealing with. According to him, the distributed ledger technology is important and also, digital currency has the possibility of becoming the future of payments. Nonetheless, while bitcoin is also a digital asset, Schultz doesn’t see that future revolving around it.

Another lady candidate here is Elizabeth Warren. Senator Warren has been sharply critical of the state of the cryptocurrency industry, reiterating in several congressional hearings that she believes US regulators need to do more to oversee the nascent asset class and the harm it could do to retail investors. From her last statements it could be seen that she is not very happy with the way virtual currencies are used to scam investors.

As such, this 2020 U.S. presidential candidate has encouraged financial regulators to be more stringent. Warren has also pointed out that a lot of risks are posed to retail investors especially in the area of Initial Coin Offerings (ICOs).

Warren said:

The challenge is how to nurture productive aspects of crypto with protecting consumers.”

Andrew Yang is another candidate that has something to say when it comes to bitcoin. The entrepreneur on July 24, 2018, stated that he will be accepting bitcoin, ethereum, and other cryptocurrencies as donations during his campaign.

However, in a later tweet on November 24, Yang said:

“Bitcoin losing value is a continued “risk-off” signal for speculative assets.”

Asides virtual currencies, the Democratic presidential candidate stated that if elected president, Americans between the age of 18 to 64 years will receive $1,000 every month.

Very Mixed Reactions

The Twitter announcement drew mixed reactions. One tweeter said Yang should not be accepting cryptocurrency because bitcoin servers consume too much energy and non-renewable energy that is contributing to climate change.

Another tweeter said cryptocurrency is “dark money.” Still, another said cryptocurrency would be used to accept illegal foreign donations. Supporters said it is about time candidates accepted cryptocurrency.

Then, last but not the least we have one runaway U.S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS).

The former antivirus tycoon and cryptocurrency advocate John McAfee says he’s got problems with the U.S. tax agency the IRS. McAfee also detailed that four members of his 2020 presidential campaign have also been charged with “unspecified charges of a felonious nature” and his wife as well.

“I have not paid taxes for eight years and I have made no secret of it,” McAfee emphasized while sitting on a rocking boat.

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