David Marcus Endorses Trump, Joins Crypto-Republicans in 2024 Elections

The US election is months away and is taking on increasing significance among crypto advocates and tycoons. Not only have both candidates added cryptocurrencies and bitcoin to their platforms, but important figures are taking sides. The latest was Lightspark CEO David Marcus. Marcus’s trip is particularly significant because he supports Donald J. Trump, despite being a known Democratic Party supporter for years.

“My journey has been a gradual, 180-degree political turn from where I stood in the previous election. It’s been an eye-opening process of disillusionment, of resetting lifelong beliefs, and rebuilding from there,” Marcus explained in a lengthy post on X. The anti-innovation stance on cryptocurrencies was one reason Marcus changed his mind. According to Marcus, “we need a president who is unequivocally pro-Bitcoin.”

Despite being considered apolitical, cryptocurrencies and Bitcoin have become central to political discourse. This is a significant issue for voters and could affect the outcome of elections as voters seek a more friendly agenda.

For example, at the Bitcoin Conference 2024 held in Nashville in late July, both candidates were involved in the event. Democratic candidate and current Vice President Kamala Harris was rumored to attend, but ultimately she didn’t, but Trump gave an entire speech promising to preserve Bitcoin and make it more American. Even other major leaders like Robert F. Kennedy Jr. and Vivek Rammasnawy attended, and several senators and politicians were at the event.

“The Biden administration is worried that President Trump has expressed support for the cryptocurrency industry. After 3.5 years of bullying American cryptocurrency entrepreneurs and investors, they should be worried about the electoral consequences,” Messari founder and former CEO Ryan Selkis told me in an interview in May, when Trump announced plans to change the administration’s current policies on the industry. Selkis even resigned from his executive position to focus on political change for the country.

Other industry figures, such as BTC Inc. CEO David Bailey, have already come out in support of Trump. The Republican candidate even congratulated him on his advocacy and helping him attend the conference, which is being hosted by the Bitcoin Conference, which is part of BTC Inc.

The era of apoliticality has apparently come to an end, and to some cryptocurrency advocates, the Republicans’ plans for the industry seem compelling.