Crypto is learning how to play politics. Former U.S. presidential and N.Y.C. mayoral candidate AndrewYang was among the industry’s 320 lobbyists in 2021.
with The Defiant about the lobby and potential of Web3 as a vehicle for social good.
The task now is to “avoid ill-conceived or overly freighted rules from coming out in the not-so-distant future,” Yang said. In particular, he spoke of the need for regulation to balance risk management and value creation and said that ideally cryptocurrency would not be regulated by the SEC, but by a new agency that has yet to be set up.
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