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Home»ADOPTION NEWS»Libra Founder David Marcus Endorses Trump After ‘Gradual Political 180’
ADOPTION NEWS

Libra Founder David Marcus Endorses Trump After ‘Gradual Political 180’

By Crypto FlexsAugust 1, 20243 Mins Read
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Libra Founder David Marcus Endorses Trump After ‘Gradual Political 180’
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David Marcus, the founder of the Facebook-backed stablecoin Libra, has expressed support for the Republican administration and former President Donald Trump ahead of the upcoming US election.

in post On Wednesday, Marcus said he had made a “gradual political 180-degree turn” over the years. After the Libra white paper was released, Marcus said he had spoken to lawmakers and made some observations, including that Republicans wanted to understand Libra’s goals and risks.

“At the time, I still believed in the mainstream idea that the Democratic Party was about serving the people. But I was shocked to learn that while most Republicans cared more deeply about their constituents, in my experience the Democrats cared more about government power and control,” Marcus said on X. Tesla CEO Elon Musk reposted Marcus’s thoughts.

Libra, later known as Diem, launched in 2019 and has been embroiled in a long battle with regulators and legislators over its relationship with the stablecoin and Facebook (now called Meta). Meta relax Diem in 2022. Recently, House Financial Services Committee member Maxine Waters, D-N.Y., expressed concerns about some of them in January. Trademark Application This is a document submitted by Meta regarding digital assets and blockchain.

Major cryptocurrency stakeholders have begun posting about their political beliefs on social media in the past few months, and cryptocurrencies have quickly become a part of the election season landscape. Republicans Expressed support for cryptocurrency businesses and investors. platform It also includes a pledge to end the “illegal and un-American crackdown” on the U.S. cryptocurrency industry ahead of the 2024 election.

Meanwhile, Vice President Kamala Harris’ team Support activities Interest in the cryptocurrency industry has picked up a week after President Joe Biden announced he would not run for reelection and endorsed Harris as the Democratic nominee.

“I believe we need a president who is very clear about America, our Constitution, business, bitcoin/cryptocurrency, innovation, Israel, small government, legal immigration, free speech, meritocracy, common sense, and is against proliferation of regulations, illegal immigration, unjust wars, the current regime in Iran, and domestic groups that oppose American values,” Marcus said. “These are the issues that are at the heart of President Trump’s platform.”


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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