Democratic presidential candidate Andrew Yang has withdrawn from the 2020 election race following a dismal showing in the New Hampshire primary Tuesday.
Yang entered in November 2017, centering his campaign around his signature "universal basic income" proposal, which would provide a $1,000 per month income to every American adult. However, as a candidate, he also created policy positions around the crypto and broader technology spaces.
“I think it’s unfair to folks and I think it’s a clear emblem of the U.S.’s approach, and [customers] ask ‘what the heck,'" he said at CoinDesk's Consensus 2019. "It’s one thing that they [regulators] come down when there’s clear guidelines [but there aren’t in crypto]. So the regulators owe us some degree, owe the community some degree of clarity.”
His campaign drew a large amount of support on social media, with many crypto proponents joining his #YangGang over the past two years.
This showing did not translate into support at the Iowa Caucus, where he received zero state delegates and only 1 percent of the vote, or in New Hampshire, where he received 2.9 percent of the vote as of press time, according to The New York Times.
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