Cryptocurrency News

Presidential Hopeful Andrew Yang Accepts Crypto Donations Ahead Of 2020 Campaign

Entrepreneur Andrew Yang, described by experts as a democrat “Dark Horse” for the 2020 U.S. presidential race, tweeted on Wednesday (July 25) that he is more than happy to accept all financial donations including cryptocurrency such as Bitcoin, Ethereum, Ripple etc.

On Wednesday Andrew Yang, a Chinese-American politician with designs on being in the White House by 2020, tweeted that he was more than happy to receive cryptocurrency as donations to finance his campaign.

Who Is Andrew Yang?

43-year old native New Yorker Andrew Yang is a Taiwanese-American entrepreneur who intends to run for office as a Democratic candidate in the 2020 US presidential elections. Yang was born in upstate New York in 1975 to Taiwanese immigrant parents. His father worked as a researcher for IBM and generated 69 patents of his own. His mother was the systems administer at the local university. He has one brother.

After graduating from Columbia Law School, Yang began his career as a corporate attorney, but after just five months he realized he wanted a job that was more involving, and so for the past two decades, Yang has worked as a founder or an executive in startups and early stage growth companies. These have included a healthcare startup, an education company, and his own “Venture for America” company whose goal is to help entrepreneurs establish businesses that generate jobs in troubled US cities like Baltimore, Detroit, Pittsburgh, and Cleveland.

Yang is the author of the self-help books Smart People Should Build Things and The War on Normal People. He is a big believer in universal basic income (UBI), and would legislate such a program for all American citizens between the ages of 18 to 64 should his presidential campaign prove successful.

Yang is married to Evelyn, and has two sons.

Crypto Donors To Receive Forms

On Wednesday it was announced that Yang’s campaign accepts Bitcoin and any coin based on the ERC20 standard (ERC20 is a technical standard used for smart contracts on the Ethereum blockchain).

Crypto donors will receive a form that will allow the campaign to verify their voter qualifications.  Yang’s campaign’s financial administrators will also send a cryptocurrency wallet address to allow donors to make their donation.

The maximum donation allowed in US electoral campaigning is $2,500 per individual. The campaign advises donors not to share the campaign’s wallet address, as it could result in untraceable donations to be made.

Donors must be U.S. citizens or lawfully admitted permanent residents. They must be 18 years old and cannot be a federal contractor.

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