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Trump and Musk fail to deliver: Crypto investors upset The crypto community was left disappointed as more than a million people tuned in to Donald Trump’s conversation with #ElonMusk on Twitter on Monday. As more than a million people tuned in to Donald Trump’s conversation with Elon Musk on Twitter on Monday, the crypto community was left disappointed. The two discussed topics such as securing the US southern border, Russia’s 2022 invasion of Ukraine, immigration and Vice President Kamala Harris, but the former president didn’t say a word about crypto assets. The audience didn’t hear Trump mention the words “Tesla” or “Bitcoin.” The developments come after Trump spoke positively at a recent #Bitcoin conference, as he hopes to give the White House another shot in November. The former president appealed to crypto owners on the campaign trail and accepted crypto donations in May after signaling that the industry was “okay” at a Mar-a-Lago event for owners of his Polygon-based NFT collection. #Trump also supported Bitcoin miners in June. While listeners were disappointed, many more complained about technical issues that prevented them from accessing the interview, which was recorded on the platform’s live recording feature, Spaces.
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‼️REMINDER‼️ Today; 💥At 15:30 TSI, the US Producer Price Index (#PPI) data will be released. Expectation: 0.1% | Previous: 0.2% Above Expectation: NEGATIVE | Below Expectation: POSITIVE
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Bitcoin Pro-Donald Trump Files $100 Million Lawsuit Against US Department of Justice Over Mar-a-Lago Raid Former President Donald Trump has filed a lawsuit against the US Department of Justice seeking $100 million in damages. The legal action stems from a controversial raid on his Mar-a-Lago estate in 2022. Trump’s lawyers argue that the raid was politically motivated and aimed to discredit Trump. Trump’s legal team claims that the raid was political persecution. They cite Special Counsel Jack Smith’s 37-count indictment—including knowingly withholding national defense information and obstruction of justice. However, according to a recent ruling by US District Judge Aileen Cannon, those charges were dropped and Smith’s appointment was deemed illegal. Trump’s lawsuit isn’t just about Mar-a-Lago; it expands on his overall narrative of government overreach and politicization. This case represents a significant moment in his broader campaign against government abuse of power. As a Bitcoin supporter, Trump’s broad legal and political strategy also has implications for the crypto space. Formerly a critic of Bitcoin, #Trump now supports #Bitcoin and proposes making it a reserve asset. He has also promised to fire the current #SEC Chairman if re-elected. This shift demonstrates his commitment to integrating crypto into mainstream financial policy. Trump’s lawsuit against the US DOJ reflects his ongoing fight against political injustice. The outcome of this case could significantly impact public perception and Trump’s election chances. With his new pro-Bitcoin stance, Trump is not only tackling political and legal issues, but also shaping future financial policy. Therefore, this development should be closely monitored.
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