Former PayPal CEO Backs Trump

TechCrunch

Hey folks.

Former PayPal president and current CEO of Lightspark, David Marcus, endorsed Ex-president Donal Trump for re-election on Wednesday.

According to Marcus in an X post, after evaluating new facts declared he was "crossing the Rubicon" and endorsing the Republican Party.

Marcus stated that in the start he thought the common belief that Democrats were committed to serve the people. But he was surprised to know that Republicans looked to care more about their constituents. In contrast, he felt that Democrats were more concentrated on government power and control.

“I also found that more Republicans wanted to understand our project’s goals and took the time to learn about the risks of censoring payments and controlling the network,” he stated. “I found myself remarkably aligned with them.”

According to Marcus, he sees a complete withdrawal from key American values like Meritocracy today.

“This shift is also causing us to fall behind due to an anti-innovation regulatory climate, notably on crypto and soon AI — two non-linear technological breakthroughs that will likely determine tomorrow’s leading countries,” he stated.

Marcus stated that the United States needs a president who supports America, the Constitution, Business, crypto, and business and innovation among other priorities.

Recently, Trump said a lot of positive things about cryptocurrencies. He discussed at the Bitcoin 2024 conference how, should he be reelected, the US would become the global center of cryptocurrency. Additionally, on his first day back in office, he threatened to fire SEC Chair Gary Gensler.

“We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry,” Trump stated.

Multiple popular figures have shown their support behind Trump for the presidential election of 2024.

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