Presidential Candidate Defends Bitcoin, Warns Of Government Tyranny

In a speech in New York, presidential candidate Andrew Yang said the government is trying to stop people from using bitcoin because it's like printing money.

In an interview with CNBC, Yang said he wants to legalize and regulate cryptocurrencies. The Democrat also warned of possible government tyranny if he was unable to control the US Federal Reserve.

I want to make sure we have a stable currency,” the businessman said. What we're doing now is printing money out of thin air and giving it away. Yang's comments on bitcoin come after Senator Elizabeth Warren (D-Massachusetts) announced she would support regulation of digital currencies like bitcoin as part of anti-money laundering legislation. Warren also expressed interest in regulating ICOs (initial coin offerings).

Yang went on to say that while the cryptocurrency has many advantages, such as being cheaper than traditional payment methods or having no transaction fees, investing in it directly is still too risky for them. with the average American right now.