ChainCatcher news, according to Bloomberg, in a live conversation on Elon Musk's X platform, Musk said he would play a role in cutting federal spending in the second Donald Trump administration, showing that the world's richest man is increasingly involved in American politics.

On Monday, Musk called for the establishment of a government committee to ensure the effective use of taxpayer funds and recommended himself for a key position in the committee. Musk said: "I would be happy to contribute to such a committee - I would be very happy if it was established." Trump praised the idea and called Musk "the greatest cutter."