💥Trump and Musk Team Up on Crypto Policy, Reports Bloomberg: Potential White House Role for Musk
Big news in the crypto world! Donald Trump and Elon Musk are in talks about collaborating on cryptocurrency policy if Trump wins the 2024 election. This could mean big changes for Bitcoin, XRP, and the broader crypto market.
Trump's campaign now accepts cryptocurrency donations, signaling a major shift towards blockchain technology. This move shows a strong endorsement of digital currencies, a significant change from Trump's previous stance.
According to Bloomberg, Trump and Musk have discussed a potential advisory role for Musk if Trump is re-elected. This role could give Musk influence over policies related to the economy and border security. While nothing is finalized, the discussions indicate a warmer relationship between the two.
Elon Musk has denied having specific talks with Trump about crypto policy. On X (formerly Twitter), Musk said he's "pretty sure" he hasn’t discussed cryptocurrencies with Trump. However, he reaffirmed his support for digital assets, highlighting their potential to empower people over governments. This came after a Bloomberg report suggested the two were discussing crypto policies.
Trump’s campaign is pushing to build a “crypto army” by accepting cryptocurrency donations. This strategy underscores Trump's evolving view on digital currencies. He recently posted on Truth Social that he is “very positive and open-minded to cryptocurrency companies.”
In response to these developments, Bitcoin (BTC) is trading at $68,451.37, up 1.02% in the past day and 1.04% over the past week.
