Elon Musk and former President Donald Trump are in discussions about cryptocurrency coverage as Trump more and more highlights Bitcoin and different digital belongings on the marketing campaign path, Bloomberg reported as we speak. In keeping with sources aware of the talks, Trump sees Bitcoin and different cryptocurrencies as a solution to enchantment to new voters.
JUST IN: Elon Musk and Donald Trump are discussing crypto coverage as Trump highlights #Bitcoin and different digital belongings as a solution to attain new voters — Bloomberg
UPDATE: Elon Musk denies Bloomberg report, stating, "Fairly positive I’ve by no means mentioned crypto with Trump, though I’m… pic.twitter.com/4xPR1y9tmY
— Bitcoin Journal (@BitcoinMagazine) Might 30, 2024
The discussions with Musk comply with Trump’s current assist of Bitcoin and the broader cryptocurrency ecosystem, emphasizing that innovation should occur in America. “Our nation should be the chief within the area. There isn’t any second place,” he acknowledged.
Trump has additionally seen large assist from Bitcoin and crypto business leaders, trying to boost hundreds of thousands in donations to assist him and his new insurance policies backing Bitcoin.
As well as, the conversations between Trump and Musk reportedly cowl methods for Musk to tackle a broad advisory position ought to Trump win a second time period in November. The precise format of this potential advisory position remains to be below dialogue, in accordance with the report.
Trump marketing campaign officers have additionally thought of the potential for inviting Musk to talk on the Republican conference, although no last resolution has been made.
Final Saturday, whereas talking at a Libertarian Celebration conference, Donald Trump stated that he “will be sure that the way forward for crypto and Bitcoin will likely be made within the USA” and that he “will assist the correct to self custody to the nations 50 million crypto holders.” Along with this, Trump additionally pledged to commute the sentence of early Bitcoin pioneer and Silk Highway founder Ross Ulbricht to time served if elected President, stating, “He is already served 11 years. We will get him house.”
BREAKING: 🇺🇸 Donald Trump says "I’ll be sure that the way forward for crypto and #Bitcoin will likely be made within the USA"
"I’ll assist the correct to self custody to the nations 50 million crypto holders" pic.twitter.com/OSfUL91McJ
— Bitcoin Journal (@BitcoinMagazine) Might 26, 2024
UPDATE: Elon Musk denies Bloomberg report, stating, “Fairly positive I’ve by no means mentioned crypto with Trump, though I’m usually in favor of issues that shift energy from authorities to the folks, which crypto can do.”
Fairly positive I’ve by no means mentioned crypto with Trump, though I’m usually in favor of issues that shift energy from authorities to the folks, which crypto can do
— Elon Musk (@elonmusk) Might 30, 2024