Florida trial lawyer and Democratic mega-fundraiser John Morgan announced he’s launching his own political party, after repeatedly teasing that he might run for governor in the state. The prominent attorney — whose face is festooned on billboards and advertisements for his law firm Morgan & Morgan across the country — is well-known for bankrolling campaigns to legalize medical marijuana and raise the minimum wage in Florida.

While a name for the new party has not been officially announced, Morgan has previously suggested "Capitalist Party" and emphasizes the party's focus on serving "the people." Gov. Ron DeSantis and the other Republican politicians in Florida may soon have a challenger,