Bloomberg, the billionaire former mayor of NY, announced Wednesday that he has registered as a Democrat, a move certain to stoke further speculation about whether he intends to run for president in 2020.
"At key points in U.S. history, one of the two parties has served as a bulwark against those who threaten our Constitution", said Bloomberg, who in the past has identified as a Republican and an independent.
"It's impossible to conceive that I could run as a Republican - things like choice, so numerous issues, I'm just way away from where the Republican Party is today", Bloomberg said last month. He has said he is considering running for president as a Democrat - making this one of his most overt moves to date toward a possible White House campaign.
In an Instagram post on Wednesday morning he said he re-registered to the party he had supported for most of his early life because "Democrats provide the checks and balance our nation so badly needs".
Last month Bloomberg told the New York Times that, if he were to run for president, he would "have to run as a Democrat".
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Last week, Bloomberg announced he would give $20 million to the main Democratic Senate super PAC.
Bloomberg, the 76-year-old head of the eponymous Bloomberg LP media company, made the announcement in a post on Instagram.
"If he did (run as a Democrat), he'd be a formidable candidate", Frost told VOA. In 2007, while still mayor, he abandoned the Republican Party and registered as a political independent.
Bloomberg was elected mayor of New York City as a Republican in 2001 and re-elected in 2005.
"When I look at the data, it's clear to me that if I entered the race, I could not win", Bloomberg announced on his website in 2016.