Ex-PayPal President Endorses Trump, Advocates for Pro-Bitcoin Policies

David Marcus, former PayPal president and current Lightspark CEO, endorsed former President Donald Trump for re-election on Wednesday.

In an X post, Marcus announced he was “crossing the Rubicon” and supporting the Republican Party after evaluating new facts. The former Meta CEO shared that his realizations began in 2019, shortly after Meta announced the Libra white paper. Libra was a digital currency project under Meta, designed to create a stablecoin payment system.

Marcus shared that he initially believed the common notion that Democrats were dedicated to serving the people. However, he was surprised to find that Republicans seemed to care more about their constituents. In contrast, he felt that Democrats were more focused on government power and control.