Brock Pierce Reveals Motivation Behind Surprise Presidential Bid

Crypto venture capitalist Brock Pierce has revealed his campaign to become the next U.S. president will focus on creating a country where technological innovation is allowed to flourish.

Pierce spoke at a Unitize conference fireside chat on July 7.

Pierce hopes to create a regulatory sandbox for blockchain startups, where they are not restricted to "Extremely expensive licenses" for their first two years of operations.

He said a President who is capable of understanding the current financial tools available could have already implemented important changes, such as issuing the Treasury Department's $1,200 stimulus checks faster.

Not running to win?Pierce compared himself to former presidential candidate Ron Paul, who ran unsuccessfully for the top job three times, in the process helping to shine a light on several important financial processes in the United States.

"This running for President will bring a lot of very important conversations to the forefront."

Vote 1 snowballIn his daily newsletter, crypto analyst Mati Greenspan agreed the former child star had "a snowball's chance in the Mojave desert" of succeeding.

Greenspan said that many believe that current U.S. President Donald Trump only ran for office as a publicity stunt to drum up business for his hotels and other ventures.

Pierce said he would put all his crypto holdings - a net worth estimated in the many hundreds of millions - into a blind trust in the event he was elected.

Pierce first announced his candidacy for U.S. President in a July 5 tweet, following hot on the heels of Kanye West.