Trump and Musk Could Collaborate on Crypto Policy if Trump Wins Re-election
Donald Trump’s 2024 campaign has made a surprising announcement: it will now accept cryptocurrency donations, signaling a strong endorsement of blockchain technology. This move marks a significant departure from the previous administration’s approach and could potentially lead to a shift in US crypto policy, according to Crypto News Flash.
In a recent update from The Wall Street Journal, it has been revealed that Trump and Elon Musk have been discussing the possibility of giving the Tesla CEO an advisory role if Trump were to be re-elected. This development indicates a thawing of the once icy relationship between the two influential figures.
While the specifics of Musk’s role have yet to be determined, there have been talks of granting him formal influence over policies related to border security and the economy, areas where Musk has been increasingly vocal.
Despite reports suggesting that Trump and Musk have been discussing cryptocurrency policy, Musk himself has denied these claims. Taking to X, the social media platform formerly known as Twitter, Musk stated that he was “pretty sure” he hasn’t had any cryptocurrency discussions with Trump. However, he did express his support for digital assets, emphasizing their potential to decentralize power away from governments. This response came after a Bloomberg report suggested that Trump and Musk were in talks regarding crypto policies.
Doge Designer, a prominent figure in the crypto community, also highlighted the ongoing discussions between Musk and Trump on cryptocurrency policy in a tweet.
In another sign of Trump’s evolving stance on cryptocurrencies, his campaign has announced that it will accept cryptocurrency donations, with the aim of forming a “crypto army” leading up to Election Day. This represents a significant shift from Trump’s previous skepticism towards digital currencies. In a recent post on Truth Social, Trump expressed his positivity and open-mindedness towards cryptocurrency companies.
As these developments unfold, Bitcoin (BTC) continues to trade at $68,451.37, experiencing a 1.02% increase in the past day and a 1.04% rise in the past week.
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