Brock Pierce, the co-founder of the EOS Alliance and controversial stablecoin Tether, has declared he will run for President of the United States as an independent. He has a long association with Steve Bannon, Donald Trump’s former chief strategist.
Pierce is a colorful character who was accused of being involved in an underage sex ring. One of his co-defendants was eventually arrested and pleaded guilty, but Pierce was never charged. However, he continued to associate with his friend after the allegations surfaced. Separately, he knew Jeffrey Epstein.
The Rolling Stone ran a feature about Pierce, which paints him as mercurial and unconventional but was mostly complimentary. One paragraph reads: “And here you have all the sides of Brock Pierce: visionary and madman, idealist and opportunist, entertainer and businessman, magician and hedonist, narcissist and community builder.”
The biggest initial coin offering (ICO ) to date was for the EOS cryptocurrency worth $4 billion. Last year the SEC found that Block.one, the company that initiated EOS, had violated federal securities laws in its ICO, but fined the firm just $24 million. Despite being an ‘early adviser’ to Block.one, it parted ways with Brock Pierce after the sex allegations were aired on TV.
The Tether stablecoin is notorious because of its lack of transparency over the reserves that back the currency. Specifically, there have been no reviews by a professional auditor. Despite this, the stablecoin has a market capitalization of more than $9 billion, ranking third after Bitcoin and Ethereum. There have also been allegations that unbacked Tether was issued to inflate cryptocurrency prices, but other researchers disagree.
Brock Pierce announcement
Note: we are experimenting with some articles, publishing the announcement, sometimes prefixed with a brief introduction.
On July 4, 2020, BROCK PIERCE announced his candidacy for President of the United States, running as an Independent in the November 3, 2020 Presidential election. Pierce, born and raised in Minnesota, was a child actor who became an entrepreneur at a very early age, then later became a well-recognized figure in technology and cryptocurrency. A staunch supporter of entrepreneurs and small businesses, he understands what it takes to build a business from the ground up. Pierce is campaigning on a vision for a brighter future for Americans after the challenging 2020 by pioneering and implementing 21st century technology practices that will enable Americans to lead more prosperous lives. He leads his campaign with IT GETS BETTER FROM HERE.
“I’ve spent my life creating great things from nothing and I can help others do the same,” Pierce said. “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 the America we love so much.”
About Brock Pierce:
Brock Pierce is a job creator, entrepreneur and venture capitalist with a proven track record of founding disruptive businesses. He’s been credited with pioneering the market for digital currency and has raised more than $5 billion for companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Blockchain Capital, Tether, and Mastercoin (first ICO).
Upon moving to Puerto Rico in 2017, he immediately prioritized philanthropic efforts after seeing the devastation Hurricane Maria left behind. He is the Chairman of The Integro Foundation, a Puerto Rico based not-for-profit organization, which provides philanthropic resources to Puerto Rico, Caribbean Islands, and the Amazon rainforest, with programs designed to revive areas in critical need and empower humans, plants, animals and resources. Integro* provides urgent relief during times of crisis, working with vetted local charities, organizations and government agencies to deploy resources efficiently, with fully accountable donations.
Pierce is known as one of the leaders of digital currency. He is the founder of IMI Exchange, the world’s leading digital currency marketplace for games, with annual sales exceeding $1B. He founded IGE, the pioneer of digital currency in online games, achieving revenues exceeding $100 million in 2006 and sold in 2007. Pierce is also a co-founder of D10e, GoCoin, Blade Payments, Five Delta (soldNASDAQ: SRAX), Xfire 2.0, Playsino, Evertune, GamesTV, and D.E.N. He also advises for companies like Airswap, Bancor, BitGo, BitGuild, BlockV, Bloq, DNA, Element Group, Metronome, Shyft, tZERO, and ODX.
Pierce is a frequent lecturer at Singularity University and has spoken at the Milken Global Conference, Mobile World Congress, Wired, INK, Stanford University, USC, and UCLA.
He has been featured in numerous publications including The New York Times, Forbes, The London Times, Fortune, Wired, and Rolling Stone.
*Integro Foundation, Inc. does not directly or indirectly, participate or intervene in any political activity; therefore, Integro Foundation will never endorse, support, or oppose any candidates for pubic office.