Billionaire investor and PayPal co-founder Peter Thiel has withdrawn himself from consideration in President Donald Trump’s Intelligence Advisory Board, according to a report.
The news is based on “two sources with direct knowledge of what happened,” the Atlantic reported.
“Thiel was in discussions to lead the PIAB, a panel which oversees U.S. intelligence agencies and advises the president,” they claimed, adding, “It’s unclear how far the process went before Thiel backed out, though one of the sources said the process for vetting Thiel for a security clearance had begun.”
The Atlantic noted that a senior intelligence role “could also pose conflicts of interests” with his investments, explaining that Thiel “co-founded the data-mining firm Palantir, which has held contracts with, among others, the Pentagon, the National Security Agency, and the Federal Bureau of Investigation.”
Last year, Thiel announced that he would serve as an informal adviser to President Trump on technology and innovation, one month after popular LGBT magazine The Advocate claimed Thiel, an openly gay man, couldn’t be both gay and a supporter of Trump.