Paul ends campaign, launches new group

Rep. Ron Paul (R-Texas) has suspended his presidential campaign and is launching a political organization that “will build on the tremendous support his presidential campaign has generated” and aims to help “limited government Republicans.”

In a letter to supporters, Paul pledges to make the new group’s presence “felt at every level of government” and to be “a permanent presence on the American political landscape.”

Paul wrote that he will not be granting his delegates to presumptive GOP nominee Sen. John McCainJohn Sidney McCainSanders says idea he can't work with Republicans is 'total nonsense' GOP casts Sanders as 2020 boogeyman Overnight Defense: GOP lawmaker takes unannounced trip to Syria | Taliban leader pens New York Times op-ed on peace talks | Cheney blasts paper for publishing op-ed MORE (Ariz.), and promised that his delegates would have a “visible” presence at the Republican convention in St. Paul, Minnesota.

The Texas Republican said his delegates will do whatever they can at the convention “to influence the party and its platform, and return the GOP to its limited-government roots.”

In addition to actions of Paul delegates inside the GOP convention, Paul will be holding a large rally on the second day of the convention to launch as a kick off for his new group, The Campaign for Liberty, at the nearby University of Minnesota.

Paul said he expects 11,000 to travel to St. Paul to attend the rally, nearly a fourth of the roughly 45,000 delegates, alternate delegates, party officials and volunteers the GOP is expecting to host at its convention.

Paul has roughly $4.7 million remaining from the $34.4 million raised during his presidential run that can be invested into his new group.