Elon Musk Denies Crypto Police Meetings with Trump
Elon Musk has rejected talks with former US President Donald Trump about possible cryptocurrency regulations. This comes after reports that both parties were holding talks on the issue ahead of the country’s elections. Although no meetings were held, Musk stated that he was in favor of the change in power that cryptocurrency could achieve. Decentralized finance (DeFi) aims to give power directly to users by disconnecting the central intermediaries in finance.
Trump and Musk Reportedly Discussed Crypto
Bloomberg reported that Donald Trump approached billionaire Elon Musk for a variety of reasons, including his crypto framework. This comes after Trump made some positive crypto comments during his campaigns in an attempt to woo pro-digital asset voters.
Elon Musk denied this, although he expressed positive thoughts about the power shift that technology could achieve.
Elon Musk has become an influential figure in the digital asset ecosystem following tweets regarding various assets, including dogecoin (DOGE) and a popular appearance on Saturday Night Live in 2021. Its acquisition of Twitter also galvanized crypto users who envisioned a possible integration with digital assets. Cryptocurrency executives other than Musk have also pushed for a broader crypto framework.
According to the report, based on sources familiar with the matter, Trump’s campaign is also exploring the possibility of Musk speaking at the Republican convention. These point to the influence the billionaire has gained in Washington over the years. Although it is not known what the conversation will be based on, if he accepts it, users predict that a possible crypto will be mentioned before the elections
While the sector is now receiving more support ahead of the elections, recent events in social media spaces have created excitement among crypto users. Lately, FIT21 invoice It passed the House of Representatives.
Against Musk Consultations
Both parties are reportedly in talks about Musk taking on an advisory role if Trump is elected to a second term in November. As the election approached, debates between the two parties increased.
Elon Musk, in particular, held talks with Trump’s allies regarding electric vehicles and space programs. Musk is the CEO of electric vehicle manufacturers Tesla and SpaceX.
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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a talent for keeping up with breaking news. Following trends, David is interested in regulations, partnerships, crypto assets, stocks, NFTs, etc. He reported in various fields such as. Away from the financial markets, David cycles and rides horses.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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