Musk denies: never discussed cryptocurrency with Trump, but agrees that Crypto can further achieve democracy

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Tesla founder Elon Musk took to Twitter early this morning (31st) to deny rumors that he was discussing cryptocurrency policy with former US President and 2024 Republican presidential candidate Donald Trump.

Pretty sure I have never discussed cryptocurrencies with Trump, even though I am generally in favor of things that transfer power from the government to the people, and cryptocurrencies can do that.

Source: Taken from Musk’s tweet

Musk's remarks were in response to Bloomberg's revelations on Thursday that people familiar with the matter revealed that Musk and Trump are discussing cryptocurrency policy. Trump has recently begun to focus on Bitcoin and other digital assets in his campaign, hoping to attract young people. of cryptocurrency voters.

WSJ: If Trump wins the election, he would like to find Musk as an adviser

In addition, the Trump campaign has also discussed the possibility of inviting Musk to speak at the Republican National Convention, but is still far from making a final decision.

It is worth noting that yesterday, the Wall Street Journal quoted people familiar with the matter as saying that Trump and Musk discussed hiring Musk as a policy adviser if he returns to the White House this year. The two have already discussed border security, immigration and economic policies. Other issues that Musk cares about have been discussed. Bloomberg reported that Musk also discussed electric vehicles and space programs directly related to two of his companies with Trump allies.

In addition, Musk also mentioned to Trump that he has begun to use his influence to hold gatherings of business leaders across the country in an attempt to persuade these leaders in his elite circle not to support Biden's re-election. These are signs that the once-icy relationship between Trump and Musk has thawed.

Musk agrees to host Trump-Biden presidential debate

Earlier this month, Musk responded to an invitation from independent presidential candidate Robert F. Kennedy Jr. on Twitter, saying he would be happy to host one of the presidential debates. However, it is still unknown whether the third debate will be held, but if Musk can indeed serve as the moderator, perhaps he will focus on asking the presidential candidates about their stance and views on cryptocurrency policy.

Recently, many mainstream media in the United States have stated that cryptocurrency has become an important issue in this year’s U.S. presidential election. Trump has recently shown goodwill to cryptocurrency voters on many occasions, including saying that after being elected, he would stop the United States' hostility to cryptocurrencies and embrace cryptocurrencies ; he has also begun to accept BTC, ETH, DOGE, and other cryptocurrencies as political donations . This week he even threatened to pardon Ross Ulbricht, the founder of the Dark Web Silk Road, after winning the election.

The current President Biden, who was originally considered to be relatively unfriendly to cryptocurrencies, has recently begun to take a sharp turn. Yesterday, Cathie Wood, founder of ARK Invest, pointed out that the key documents of the Ethereum Spot ETF suddenly unexpectedly changed last week. The main reason for the approval is that cryptocurrency has now become an important issue in the U.S. presidential election; yesterday it was also reported that U.S. President Biden’s campaign team has begun to contact cryptocurrency industry players in the past two weeks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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