Donald Trump and Elon Musk Engage in High-Stakes Talks on Cryptocurrency Policy

Elon Musk & Former US president Donald Trump are engaged in talking about crypto regulation in the US jurisdiction. 

Elon Musk is the richest personality in the world, he is popular in the world for his high intelligence. Musk is the owner of multiple successful tech companies e.g. X (Twitter), Tesla, Neuralink, SpaceX, TheBoringCompany, etc. 

On 30 May 2024, A report by Bloomberg confirmed that Elon Musk and Donald Trump were talking about cryptocurrency policy. Trump was focusing more on Bitcoin and other digital assets in his campaign to attract new voters. 

Bloomberg reported that someone close to this matter shared this information. 

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JUST IN: Elon Musk is advising President Trump on crypto policies, per Bloomberg.

Buckle up! pic.twitter.com/PNDbqrDuip

— Simply Bitcoin (@SimplyBitcoinTV) May 30, 2024

Another report by the Wall Street Journal (WSJ) noted that if Trump secured victory in the upcoming US presidential election then Trump would consider Musk as a presidential administrative advisor.

Trump weighs possible advisory role for Elon Musk, WSJ reports – Axios – https://t.co/MLBBPsNZxw #GoogleAlerts

— MOIZ ESUFALLY (@moizesufally) May 31, 2024

These reports were confirmed by Musk officially. Musk said that he always supports those types of discussions & plans that shift power from the government to the people and he believes cryptocurrencies have such abilities.

Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do

— Elon Musk (@elonmusk) May 30, 2024

Trump toward Crypto adoption 

The whole Crypto industry knows very well that Donald Trump was a big hater of Bitcoin & Cryptocurrencies but he changed his stance rapidly over the last 4 months, to get political benefits.

Last week, Trump told crypto people to vote for Trump, so that he can give favour to crypto-friendly bills, to bring clarity for this innovative sector.

Dogecoin price action 

Following this news, the trade price of Elon Musk’s favourite cryptocurrency Dogecoin (Doge) surged 5.8% rapidly within a couple of hours but later price retraced back.

Read also: ‘Wallet’ Tightens KYC measures for Telegram crypto users 

Donald Trump and Elon Musk Engage in High-Stakes Talks on Cryptocurrency Policy

 

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