{"id":36333,"date":"2021-02-12T11:58:53","date_gmt":"2021-02-12T09:58:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36333"},"modified":"2025-08-29T05:49:25","modified_gmt":"2025-08-29T02:49:25","slug":"andrew-yang-vows-to-turn-new-york-into-a-bitcoin-hub","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/andrew-yang-vows-to-turn-new-york-into-a-bitcoin-hub\/","title":{"rendered":"Andrew Yang vows to turn New York into a Bitcoin hub"},"content":{"rendered":"<p>Entrepreneur and Democratic candidate for New York mayor Andrew Yang said that if elected he would turn the city into a hub for Bitcoin and other cryptocurrencies.<\/p>\n<p><!--more--><\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='en'>As mayor of NYC \u2014 the world\u2019s financial capital \u2014 I would invest in making the city a hub for BTC and other cryptocurrencies.<\/p>\n<p>\u2014 Andrew Yang\ud83e\udde2\ud83d\uddfd\ud83c\uddfa\ud83c\uddf8 (@AndrewYang) <a href='https:\/\/twitter.com\/AndrewYang\/status\/1359992211186843649?ref_src=twsrc%5Etfw'>February 11, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>This statement drew mixed reactions in the community. Binance CEO Changpeng Zhao <a href='https:\/\/twitter.com\/cz_binance\/status\/1360051065123524610' target='_blank' rel='nofollow noopener'>\u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0438\u043b \u043f\u043e\u043c\u043e\u0449\u044c<\/a>, while science journalist Erin Biba criticised the plan.<\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='en'>Does Yang have even the slightest clue about the massive environmental impact of something like this? Does he even give a single fuck about fighting climate change?<\/p>\n<p>How is it possible this guy gets worse every time he speaks.<\/p>\n<p>He literally has zero clue what NYers want. <a href='https:\/\/t.co\/PJSVDlRR8A'>https:\/\/t.co\/PJSVDlRR8A<\/a><\/p>\n<p>\u2014 Erin Biba (@erinbiba) <a href='https:\/\/twitter.com\/erinbiba\/status\/1360092259119747073?ref_src=twsrc%5Etfw'>February 12, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<blockquote>\n<p>Did Yang have even the slightest idea about the environmental scale of something like this? Does he even care about fighting climate change? wrote Biba.<\/p>\n<\/blockquote>\n<p>One user published a wry comment. He argued that turning New York into a Bitcoin hub is precisely what the average resident, who faces soaring rents and crumbling infrastructure, needs.<\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='en'>Finally what the average New Yorker with soaring rents and crumbling infrastructure needs\u2026 <a href='https:\/\/t.co\/wpW4cRN6Ue'>https:\/\/t.co\/wpW4cRN6Ue<\/a><\/p>\n<p>\u2014 Patrick Skinner (@SkinnerPm) <a href='https:\/\/twitter.com\/SkinnerPm\/status\/1360055171749990401?ref_src=twsrc%5Etfw'>February 12, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>CoinShares&#8217; Head of Growth Meltem Demirors noted that to realise Yang\u2019s plan he would have to contend with high taxes and the <span class='old_tooltip' data-descr='license to operate in virtual currency activities in the state of New York'>BitLicense<\/span> \u2014 one of the strictest state-level rules.<\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='en'>no one wants to pay NYC\u2019s absurd taxes + the tax of the NYDFS bitlicense<\/p>\n<p>unless there\u2019s a plan to cut the city budget drastically, i don\u2019t see how any crypto company wants to operate in an environment with high income, corporate, and real estate taxes + sales tax on top <a href='https:\/\/t.co\/f7VGB7fyh2'>https:\/\/t.co\/f7VGB7fyh2<\/a><\/p>\n<p>\u2014 Meltem Demirors (@Melt_Dem) <a href='https:\/\/twitter.com\/Melt_Dem\/status\/1360004270645514240?ref_src=twsrc%5Etfw'>February 11, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>In 2017 Yang joined the race for the U.S. presidency as a Democratic candidate. He advocated nationwide cryptocurrency regulation, proposed a clear tax policy, and defined the token status (recognising the existence of utility tokens).<\/p>\n<p>In July 2019 his supporters launched the independent political-action committee Humanity Forward Fund and enabled Bitcoin donations via Lightning wallets.<\/p>\n<p>In February 2020 the businessman announced the end of his campaign.<\/p>\n<p>In December that year Yang <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-advocate-andrew-yang-seeks-new-york-mayoralty\">submitted documents<\/a> necessary to begin fundraising for a bid to become New York mayor.<\/p>\n<p>Follow ForkLog news on <a href='https:\/\/vk.com\/forklogcom' target='_blank' rel='nofollow noopener'>VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Entrepreneur and Democratic candidate for New York mayor Andrew Yang said that if elected he would turn the city into a hub for Bitcoin and other cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":36334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,748,26],"class_list":["post-36333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-new-york","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36333"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36333\/revisions"}],"predecessor-version":[{"id":36335,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36333\/revisions\/36335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36334"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}