In a highly anticipated interview on Monday, Elon Musk and Donald Trump discussed a wide range of topics, including inflation, trade, nuclear power, and education. However, they notably avoided any discussion on Bitcoin and cryptocurrency, despite significant interest from the crypto community, as both figures are closely associated with the industry.
Elon Musk Proposes Government Efficiency Commission
During the interview, Elon Musk suggested the creation of a "government efficiency commission," indicating his interest in playing a role within a future Trump administration. Musk expressed his willingness to contribute to improving government operations, stating, "I’d be happy to help out on such a commission — I’d love if it were formed." Donald Trump responded positively to Musk's idea, acknowledging the potential benefits of such an initiative.
X Platform Faces DDoS Attack Before Interview
Just before the interview, Musk's social media platform, X, faced a significant Distributed Denial of Service (DDoS) attack, despite prior stress testing. The platform experienced a massive influx of traffic, with a staggering 8 million concurrent listeners tuning in to the interview. Despite the challenges, Musk and Trump proceeded with their discussion, covering various pressing issues.
Discussion on Inflation and the US Economy
The interview addressed the ongoing inflation crisis and its impact on the U.S. economy. Donald Trump criticized the Biden administration, stating that "people have been absolutely decimated" by rising prices and emphasizing the need to bring inflation under control. Musk also touched on the European Union's warnings about misinformation on his platform, X, and voiced concerns about attempts to impose censorship on other countries.
Criticism of the FDA and Department of Education
Trump also took the opportunity to criticize the Food and Drug Administration (FDA) and the Department of Education. He argued that the FDA's drug approval process is excessively slow and bureaucratic. Trump highlighted his support for the "right to try" law, which allows patients to use unapproved drugs that have not yet received FDA approval, a point Musk agreed with, noting that the FDA often takes too long in its processes.
Musk's Evolving Relationship with Trump
Musk's relationship with Trump has grown closer in recent months, especially as he advises on issues related to electric vehicles and cryptocurrency policies. This marks a shift from Musk's previous rocky relationship with the Biden administration. The ongoing battles between the Securities and Exchange Commission (SEC) and the crypto industry have escalated in 2024, with major players like Coinbase demanding more transparency and pushing back against what they see as regulatory overreach.
Musk's Past Involvement with the Trump Administration
During Trump's previous term, Musk served on White House advisory councils but later stepped down in protest of Trump's decision to withdraw from the Paris Climate Accord. Despite their past differences, the recent interview indicates a potential rekindling of their working relationship, with Musk positioning himself as a key advisor in a potential future Trump administration.
The interview provided insights into both leaders' views on current issues and hinted at the possibility of Musk taking on a more active role in shaping U.S. policy in the future.
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