Another Pro-Crypto U.S. Presidential Candidate Bows Out of 2020 Race | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Bloomberg CEO and billionaire, Michael Bloomberg, who advocated clear crypto regulations, recently dropped out of the 2020 U.S. Presidential Race. Bloomberg becomes the second pro-crypto U.S. Presidential candidate to exit after Andrew Yang.
Crypto Advocate Bloomberg Leaves Race, Endorses Joe Biden
According to the Wall Street Journal on Wednesday, March 4, 2020, Bloomberg pulled out of the U.S. Presidential race after campaigning for three months, following unfavorable results at the Democratic Party primaries on Super Tuesday. The former New York Mayor recorded a win only in Samoa and went ahead to endorse former U.S. President, Joe Biden.
In a speech endorsing Biden, Bloomberg said:
“After yesterday’s results, the delegate math has become virtually impossible—and a viable path to the nomination no longer exists… I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that the candidate is my friend and a great American, Joe Biden.”
Back in February 2020, BTCManager reported that Bloomberg published a Financial Reform Policy that among other things, pledged to harmonize crypto regulations in the U.S. and provide a robust regulatory framework for the digital currency industry.
Bloomberg’s policies for the crypto and blockchain sector signaled hope for the underdeveloped nascent industry in the U.S.