Musk Refutes Bloomberg Report: I Have Never Discussed Cryptocurrencies with Trump
Bloomberg reported, citing anonymous sources, that Elon Musk and Donald Trump are discussing cryptocurrency policies, mainly because Trump has been mentioning Bitcoin and other digital assets more frequently during his campaign activities and sees it as a way to engage new voters.
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Former US President Donald Trump has been convicted on 34 counts for hush money payments, which coincides with his sentencing and nomination timing.
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Bloomberg: Musk and Trump Discussing Cryptocurrency Policies
Biden Team Criticizes Collusion Between Government and Businesses
Musk: I’m Pretty Sure We Didn’t Talk about Cryptocurrencies
Bloomberg: Musk and Trump Discussing Cryptocurrency Policies
Bloomberg’s report mentions the following points:
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Trump’s campaign team is considering inviting Musk to speak at the Republican National Convention.
Musk and Trump are discussing the possibility of Musk playing a broad role as an advisor if Trump wins the election in November.
Musk and Trump allies have discussed electric cars and space projects.
Musk had considered endorsing and donating to Trump but took no action because he believed no one could beat Trump.
Although Bloomberg’s headline includes “Musk Suggests Cryptocurrency Policy to Trump,” the article does not mention what they discussed regarding cryptocurrencies.
The report states that entrepreneur Vivek Ramaswamy, who supports Trump, facilitated the meeting between Trump and Musk, but Ramaswamy’s representative declined to comment.
In addition,
The Wall Street Journal
suggests that Trump and Musk have formed an alliance, while
CNBC
reports that Musk may receive an official position after Trump’s victory.
Biden Team Criticizes Collusion Between Government and Businesses
James Singer, a spokesperson for Biden’s campaign team, stated on Thursday:
Trump is selling out America in an attempt to stay in 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 cut middle-class social security and welfare.
Bloomberg notes that although Musk is the world’s third-richest person, he has not been enthusiastic about political donations. According to records from the Federal Election Commission, Musk’s political donations have been less than $1 million since 2009, and he has made no donations for this election.
Musk attended a fundraising event for Trump in March but stated after the event that he had no plans to donate to either Trump or Biden.
Musk: I’m Pretty Sure We Didn’t Talk about Cryptocurrencies
In response to Bloomberg’s report, Musk replied on the 30th:
While I generally support transferring power from government to the people, and cryptocurrencies can do that, I’m pretty sure I never discussed cryptocurrencies with Trump.
Bloomberg subsequently updated their article with Musk’s response.
Donald Trump
Elon Musk
Cryptocurrencies
Musk
Further Reading
Jack Dorsey Steps Down from Bluesky Board, Advocating for Free Technology – Is It About X?
Tesla’s Earnings Fall Short, Musk Cuts Costs and Speeds Up Release of Affordable Model.
