Bloomberg quoted anonymous sources as saying that Elon Musk and Donald Trump are discussing cryptocurrency policies, primarily because Trump frequently mentioned Bitcoin and other digital assets during his campaign and believed it was a way to reach new voters.
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Former US President Trump convicted on 34 counts for hush money payments, sentencing coincides with nomination
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Bloomberg: Musk and Trump Discuss Cryptocurrency Policies
Biden’s Team Criticizes Government-Business Collusion
Musk: I’m Certain We Didn’t Talk about Cryptocurrencies
Bloomberg: Musk and Trump Discuss Cryptocurrency Policies
According to Bloomberg’s report:
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Trump’s campaign team is considering inviting Musk to speak at the Republican National Convention.
Trump and Musk are discussing the possibility of Musk assuming an advisory role if Trump wins the election in November.
Musk and Trump’s allies discussed electric cars and space projects.
Musk had considered endorsing and donating to Trump, but decided not to take any action because he believed nobody could beat Trump.
Although Bloomberg’s headline includes “Musk Proposed Cryptocurrency Ideas to Trump,” the article does not mention what they specifically discussed about cryptocurrencies.
The report stated that Vivek Ramaswamy, an entrepreneur who supports Trump, facilitated the meeting between Trump and Musk, but Ramaswamy’s representative declined to comment.
Additionally,
The Wall Street Journal
mentioned the alliance between Trump and Musk, and
CNBC
reported that Musk might receive an official position after Trump’s victory.
Biden’s Team Criticizes Government-Business Collusion
James Singer, a spokesperson for Biden’s campaign team, stated on Thursday:
Trump is betraying America in an attempt to hold power and pay his legal fees, and billionaires like Musk are just beneficiaries who know that if they donate to Trump, he will cut their taxes, but also reduce the social security and welfare of the middle class.
Bloomberg noted that although Musk is the world’s third richest person, he has always been unenthusiastic about political donations. Records from the Federal Election Commission show that Musk’s political donations have been less than $1 million since 2009, and he has not made any donations for this election.
Musk attended Trump’s fundraising event in March this year, but after the event, he stated that he had no plans to donate to either Trump or Biden.
Musk: I’m Certain We Didn’t Talk about Cryptocurrencies
In response to Bloomberg’s report on the 30th, Musk replied:
Although I usually support transferring power from the government to the people, and cryptocurrency can achieve that, I’m certain that I never discussed cryptocurrencies with Trump.
Bloomberg subsequently updated Musk’s response in the article.
Donald Trump
Elon Musk
Cryptocurrencies
Musk
Further Reading
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