Elon Musk denies a Bloomberg report that he discussed cryptocurrencies with Donald Trump amid speculation about an advisory role

Tech billionaire Elon Musk denied a Bloomberg report that claimed he “discussed cryptocurrencies” with the former US president and 2024 Republican presidential candidate. Donald Trump.

“I certainly have never discussed cryptocurrencies with Trump, although I generally support things that shift power from the government to the people, which is what cryptocurrencies can do,” Musk said in a May 30 letter. mail.

Several reports indicate that Elon Musk may support Donald Trump

Musk’s comment comes after a tweet referencing Bloomberg a report, who claimed to have provided Trump with a lawyer related to digital assets. The report also stated that Trump discussed debating the Tesla and SpaceX founder at the upcoming Republican National Convention.

Wall Street Journal too A report has been written The former president was considering a “potential advisory role” for Musk. Trump and Musk reportedly discussed ways in which the tech billionaire could provide “official input and influence” on economic policies and border security.

The Wall Street Journal reported that Musk said in March that he aimed to use his “influence” to help Trump defeat Biden by “enlisting the support of influential allies.”

Cryptocurrencies have become a political issue

Cryptocurrencies have become a hot topic in American politics. So much so that analysts believe that the candidates’ stance towards the booming digital assets space could greatly influence who becomes the next president.

There is nothing more powerful than an idea whose time has come. pic.twitter.com/vTdbKHn6L8

– Michael Saylor⚡️ (@saylor) May 26, 2024

This has led to both Trump and current President Joe Biden reaching out to the cryptocurrency community. Trump went from calling cryptocurrencies a “dangerous thing” in 2021 to allowing his supporters to make donations to his campaign using cryptocurrencies this year.

while, Biden campaign I recently went from a mostly anti-crypto stance to recently posting a job opening for a meme expert. This “shift” in attitude towards the digital asset sector is fueled by political motivations, which also led to the surprise approval of exchange-traded funds (Ethereum ETFs), according to Cathie Wood of ARK Invest.

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