Musk Refutes Bloomberg Report: I Have Never Discussed Cryptocurrency with Trump
Bloomberg cited anonymous sources as saying that Elon Musk and Donald Trump are discussing cryptocurrency policies, primarily because Trump has been mentioning Bitcoin and other digital assets more frequently during his election campaign and sees it as a way to reach new voters.
(
Former US President Donald Trump sentenced to 34 counts for hush money payments, coinciding with nomination sentencing
)
Table of Contents
Toggle
Bloomberg: Musk and Trump Discuss Cryptocurrency Policies
Biden’s Team Criticizes Collusion between Government and Business
Musk: I’m Certain We Didn’t Discuss Cryptocurrencies
Bloomberg: Musk and Trump Discuss Cryptocurrency Policies
Bloomberg Report Highlights the Following Points:
Advertisement – Continue Reading Below
Trump’s campaign team is considering inviting Musk to speak at the Republican National Convention.
Trump and Musk are discussing the possibility of Musk playing a broad role as an advisor if Trump wins the November election.
Musk and Trump allies have discussed electric cars and space programs.
Musk had considered endorsing and donating to Trump, but took no action because he believed no one could defeat Trump.
Although Bloomberg’s headline includes “Musk Proposes Suggestions on Cryptocurrencies 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. Ramaswamy’s representative declined to comment.
Additionally, The Wall Street Journal suggests that Trump and Musk have formed an alliance, and CNBC reports that Musk may receive an official position after Trump’s victory.
Biden’s Team Criticizes Collusion between Government and Business
James Singer, spokesperson for Biden’s campaign team, stated on Thursday:
Trump is selling out America in an attempt to stay in power and pay for his legal fees, and billionaires like Musk are just beneficiaries who understand that donating to Trump will result in tax cuts for themselves but also a reduction in social security and welfare for the middle class.
Bloomberg notes that although Musk is the third-richest person in the world, he has never been enthusiastic about political donations. Records from the Federal Election Commission show that Musk’s political donations have been less than $1 million since 2009, and he has not made any donations during this election.
In March of this year, Musk attended a fundraising event for Trump, but he stated after the event that he had no plans to donate to either Trump or Biden.
Musk: I’m Certain We Didn’t Discuss Cryptocurrencies
In response to Bloomberg’s report, Musk replied on the 30th:
While I generally support transferring power from the government to the people, and cryptocurrencies can achieve that, I am certain that I have never discussed cryptocurrencies with Trump.
Bloomberg subsequently updated Musk’s response in the article.
Donald Trump
Elon Musk
Cryptocurrencies
Musk
Further Reading
Jack Dorsey Leaves Bluesky Board, Advocating for Open Technology, Is ‘X’ the Goal?
Tesla’s Financial Report Disappoints, Musk Cuts Costs and Accelerates Launch of Affordable Model
