Brock Pierce, the serial entrepreneur and co-founder of Tether (the stablecoin), is now a U.S. Presidential candidate, and will be one of the many angling to contest with President Donald Trump this November. He will be running as an independent.
Brock Pierce To Run for President
Brock will be campaigning, convincing citizens for votes with a vision of creating a brighter vision for Americans in a challenging year marked by the Coronavirus pandemic.
— ₿rock Pierce 🦄🔱🙏🏼 (@brockpierce) July 5, 2020
He seeks to implement better technologies of the 21st century so that Americans can live a more prosperous life under his campaign banner IT GETS BETTER FROM HERE.
“I’ve spent my life creating great things from nothing and I can help others do the same. Entrepreneurs are essential to the rebuilding of this nation that we love, and I’m running in this race because I know that together we can help build a pathway towards the rebirth of America we love so much.”
Roles In Ethereum And EOS
Pierce is one of the early investors in the crypto scene.
With hands at both Ethereum and EOS, he can be aptly described as a shaper who plays a big role in the industry. He has a hand in several high profile crypto companies, raising over $5 billion.
Specifically, Pierce has direct links with EOS and Block.One, and just before cutting ties with the official publisher of EOSIO—where he was an advisor, he helped raise $4 billion for the Ethereum competitor.
However, Block.One found itself on the wrong side of the law, violating an act, and was subsequently fined $24 million by the United States SEC.
He also has a hand at Ethereum—where he purchased a significant amount of ETH coins, and in Bitcoin where he was one of the earliest investors.
The Troubles with Tether and USDT
His project, Tether, is nonetheless mired by controversy.
While it is the largest by market cap and available in over three public chains including Algorand, it claims to be backed 1:1 by fiat currencies and other liquid assets but there has been no public audit of its assets.
There are allegations that after all, what Tether Limited, declares is false. USDT is in some quarters said to have pumped BTC prices to record highs in late 2017.