Elon Musk and former President Donald Trump are discussing cryptocurrency policy following Trump’s increased emphasis on Bitcoin and other digital assets on the campaign trail, Bloomberg reports. report Today, Trump sees Bitcoin and other cryptocurrencies as a way to appeal to new voters.
BREAKING: Elon Musk and Donald Trump discuss cryptocurrency policy, Trump emphasizes #Bitcoin Using Digital Assets to Reach New Voters — Bloomberg
Update: Elon Musk has denied the Bloomberg report, "Admittedly, I have never discussed cryptocurrency with Trump, but I… pic.twitter.com/4xPR1y9tmY
— Bitcoin Magazine (@BitcoinMagazine) May 30, 2024
The discussion with Musk comes after President Trump recently endorsed Bitcoin and the cryptocurrency ecosystem in general, emphasizing that innovation must come from the U.S. “We have to be the leader in this space. We can’t be second,” he said. stated.
Trump also had a big support Leaders in the Bitcoin and cryptocurrency industry have called for millions of dollars in donations to support his new pro-Bitcoin policies.
Additionally, Trump and Musk’s conversations have reportedly discussed how Musk could take on a broader advisory role if Trump is re-elected in November, though the exact form of that role is reportedly still under discussion.
Trump campaign officials are also considering the possibility of inviting Musk to speak at the Republican National Convention, but no final decision has been made.
Speaking at the Libertarian Party Convention last Saturday, Donald Trump said he would “ensure that the future of cryptocurrency and Bitcoin is made in America” and “support the right of self-control for the nation’s 50 million cryptocurrency holders.” In addition to this, Trump also promised to commute the prison sentence of Ross Ulbricht, an early Bitcoin pioneer and founder of Silk Road, if elected president. state“He’s already served 11 years. We’re going to bring him home.”
BREAKING: 🇺🇸Donald Trump "I am the future of cryptocurrency #Bitcoin Made in the USA"
"I support the right of self-governance for the country’s 50 million cryptocurrency holders" pic.twitter.com/OSfUL91McJ
— Bitcoin Magazine (@BitcoinMagazine) May 26, 2024
Update: Elon Musk denies Bloomberg report state“I don’t think I’ve ever discussed cryptocurrency with Trump, but I’m generally in favor of the kind of transfer of power from the government to the people that cryptocurrency can achieve.”
I don’t think I’ve discussed cryptocurrency with Trump, but I’m generally in favor of transferring power from the government to the people, and cryptocurrency allows that to happen.
— Elon Musk (@elonmusk) May 30, 2024
