President-elect Joe Biden is reportedly contemplating crypto-friendly Andrew Yang as his future Secretary of Commerce.

In response to a CNN report “based mostly on conversations with Biden allies and advisers and Democrats with information of the matter,” the president-elect could also be tapping Yang, a former presidential candidate and entrepreneur, for a place in his cupboard.

Many thought of Yang to be one of the crucial pro-crypto presidential candidates. He mentioned that he needed to implement blockchain-based cellular voting and outlined plans to manage the cryptocurrency business. The previous presidential candidate is most well-known for his signature marketing campaign promise to ship $1,000 a month to each grownup within the U.S.

Since ending his marketing campaign in February, Yang has spoken about probably getting concerned in a Biden cupboard. In an August interview on The Carlos Watson Present, Yang said he had spoken to then-candidate Biden relating to “a brand new place that doesn’t exist but […] round expertise and innovation” however didn’t straight reply questions with reference to a job as Secretary of Commerce. He additionally helped launch a nonprofit group supposed to guard privateness on-line.

As Secretary of Commerce, Yang would characterize U.S. companies in Biden’s cupboard. Lawmakers have already proposed payments which might require outgoing secretary Wilbur Ross to review blockchain expertise and report his findings to Congress, obligations which might seemingly cross to Yang. 

Biden has already named Janet Yellen to function Treasury Secretary and tapped former Commodity Futures Buying and selling Fee Chairman Gary Gensler to volunteer on the transition workforce as a monetary skilled. The president-elect introduced plans for a number of positions in his administration in the present day following yesterday’s launch of tens of millions of {dollars} in transition funding. If chosen and confirmed, Andrew Yang as Secretary of Commerce could possibly be a step in direction of extra pro-crypto views within the U.S. authorities.

Yang is at present in Georgia aiding Democratic candidates Jon Ossoff and Raphael Warnock of their runoff elections for U.S. Senate.