Elon Musk advises Donald Trump on cryptocurrency policy to reach new voters: Bloomberg
Elon Musk and former President Donald Trump are discussing cryptocurrency policy as President Trump increasingly emphasizes Bitcoin and other digital assets in his campaign, Bloomberg reported today. Trump sees Bitcoin and other cryptocurrencies as a way to appeal to new voters, according to people familiar with the talks.
Just in: Elon Musk and Donald Trump are discussing cryptocurrency policy, as Trump highlights. #Bitcoin and other digital assets to reach new voters — Bloomberg
Update: Elon Musk denied Bloomberg’s report, saying: "I’m pretty sure I’ve never discussed cryptocurrencies with Trump. Although I… pic.twitter.com/4xPR1y9tmY
— Bitcoin Magazine (@BitcoinMagazine) May 30, 2024
The discussion with Musk highlighted the need for innovation to occur in the United States following Trump’s recent support for Bitcoin and the broader cryptocurrency ecosystem. “Our country must become a leader in this field. “There is no second place,” he said.
Trump has also received significant support from Bitcoin and cryptocurrency industry leaders, attempting to raise millions of dollars in donations to support him and his new policies supporting Bitcoin.
Trump and Musk’s conversation also reportedly covered how Musk would take on a broad advisory role if Trump wins a second term in November. The exact form of this potential advisory role is still being discussed, according to the report.
Trump campaign officials have considered the possibility of inviting Musk to speak at the Republican National Convention, but a final decision has not yet been made.
At the Libertarian National Convention on Saturday, Donald Trump said he would “ensure that the future of cryptocurrency and Bitcoin is in the United States” and that he would “support the nation’s right to self-manage its 50 million cryptocurrencies.” “In addition, Trump promised to commute the sentence of early Bitcoin pioneer and Silk Road founder Ross Ulbricht, who has already served 11 years in prison, if he is elected president,” Holders said. “We will take him home,” he said.
BREAKING NEWS: 🇺🇸 Donald Trump Speaks "I will secure the future of cryptocurrency. #Bitcoin It will be made in the USA"
"I will support self-custody for the 50 million cryptocurrency holders across the country." pic.twitter.com/OSfUL91McJ
— Bitcoin Magazine (@BitcoinMagazine) May 26, 2024
Update: Elon Musk denied Bloomberg’s report, saying, “I am generally in favor of shifting power from government to the people, which is what cryptocurrencies can do, but I am certain I have never discussed cryptocurrencies with Trump.”
I’m pretty sure I’ve never discussed cryptocurrencies with Trump. But I am generally in favor of shifting power from government to the people. Cryptocurrencies can do this.
— Elon Musk (@elonmusk) May 30, 2024
