David Marcus, former president of PayPal, endorses Donald Trump for re-election, citing concerns over current administration policies affecting innovation in cryptocurrency and AI.
Points
- Marcus endorses Trump, citing a shift in his perspective since 2019.
- He believes Republicans demonstrate greater concern for their constituents.
- Criticizes current administration’s regulatory approach to cryptocurrency and AI.
- Highlights need for leadership supporting innovation and business growth.
David Marcus, former president of PayPal and current CEO of Lightspark, has publicly endorsed former President Donald Trump for re-election. This endorsement marks a significant shift in Marcus’s political stance, which began in 2019 when he perceived the Democratic Party as more focused on consolidating government power rather than serving the people’s interests.
https://twitter.com/davidmarcus/status/1818700003810197698
Marcus also criticized the current administration’s policies, particularly their approach to immigration and the regulatory environment, which he believes stifles innovation in cryptocurrency and artificial intelligence. He emphasized the need for a president who upholds American values, supports the Constitution, and encourages technological advancement.
“I think we will be seeing even more data that reduces key risks go on-chain in capital markets, making their financial products increasingly transparent and secure.”
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