Elon Musk Denies Crypto Talks with Donald Trump Amid Speculation
Elon Musk has denied that he discussed crypto policy with presidential candidate Donald Trump. His comment comes after Bloomberg reported Thursday that the two have had crypto-related talks as Trump highlights Bitcoin and other digital assets on his campaign trail to appeal to a broader voter base.
“Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do,” Musk said in an X post.
Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do
— Elon Musk (@elonmusk) May 30, 2024
Trump has been actively courting the crypto industry with a series of pro-crypto moves recently. Last week, he pledged support for crypto companies, saying he’s “very positive and open minded.” Additionally, he pledged to commute the sentence of Ross Ulbricht, the convicted founder of Silk Road, the online marketplace known for illegal drug and hacking tool sales using virtual currencies.
Further solidifying his stance, his campaign is now accepting donations in cryptocurrency.
Earlier this month, Trump said he would cease the hostility towards the crypto industry in the US if re-elected.
“Well, we’ll stop it because I don’t want that,” he said. “If we’re going to embrace it, we have to let them be.”
Elon Musk hasn’t been shy about using his influence to stir the pot in the crypto market. He has caused prices to surge through a combination of methods. First, his social media posts created a frenzy around Dogecoin. Second, he took his support for memecoins to national television with an appearance on Saturday Night Live where he discussed
