Andrew Yang opposed Chinese crackdown, faces backlash

Andrew Yang the former nominee for the presidential candidate quit the Democratic Party in lieu to form his own Forward Party.
Andrew Yang the former nominee for the presidential candidate quit the Democratic Party in lieu to form his own Forward Party.

The former nominee for the presidential candidate, Andrew Yang, quit the Democratic Party in lieu of forming his own Forward Party.

The man has been making headlines since his resignation from the Democratic Party. He came forward with the Forward Party to oppose the current duopoly faced in the country’s politics.

Keeping politics aside, for the time being, Andrew Yang has been in the spotlight today for his remarks on cryptocurrency. He came out in support of cryptocurrencies, saying that he would accept rational and responsible regulations rather than putting a ban on cryptocurrencies. This statement was directed against the recent Chinese crackdown on cryptocurrencies.

Yang further Tweeted:

“Rule of thumb – when faced with a trillion-dollar industry that could define the future try not to screw it up.”

Andrew Yang facing backlash

Andrew Yang made a pro-crypto remark but, it seems that it wasn’t well received. The leader of the Forward Party was called upon by Jameson Lopp, a well-known Bitcoin supporter. According to the Twitter community, people claim that Andrew Yang is using the current explosion of crypto assets as his ticket to gain attention.

For this reason, Lopp Tweeted the entire financial report submitted by Andrew Yang. In the financial statement, it was clearly seen that the leader did not possess any cryptocurrency. This brought a lot of heat for the politician for speaking in favor of crypto when he doesn’t own them himself.

Pro-crypto politicians taking advantage

This is not the first time a politician like Andrew Yan has taken advantage of cryptocurrencies and their expansion. Recently, Curtis Sliwa, the New York mayoral candidate, promised to make New York the most crypto-friendly state if the people elect him as the Mayor.

Along with Curtis, Holly Kim became the first politician ever to accept campaign donations in the form of cryptocurrencies. This was revolutionary but, had this step had a stench of politics, according to the crypto community.