Elon Musk is reportedly advising former United States President Donald Trump on crypto policies. Indeed, a Bloomberg report states that Musk is set to play a rather pivotal role in Trump’s cryptocurrency approach on the campaign trail, as he seeks reelection in 2024.
Digital assets are poised to be a pivotal talking point in the lead-up to the November election. Both Trump and current US President Joe Biden are developing an approach to the industry, with cryptocurrency regulation becoming a massive point of contention within the sector.
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Elon Musk Revealed as Trump’s Crypto Advisor
Donald Trump has not been shy about his willingness to embrace digital assets in the midst of his 2024 election campaign. The former president has begun accepting donations in the form of cryptocurrencies. Moreover, it is set to be an ever-growing part of his bid to return to the White House.
Now, it has been revealed that Elon Musk is currently advising Donald Trump on crypto policies. Specifically, Musk has been working alongside the Trump campaign as he seeks to “reach new voters” through the growing popularity of cryptocurrency.
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Furthermore, the campaign has reportedly considered “inviting Musk to speak at the Republican convention,” amid his growing involvement. Sources close to the situation say that the development is still ongoing. There has been no solid decision made as of yet.
The report notes that this could be the beginning of an increased role for Musk. Specifically, the two have discussed ways for the Tesla CEO to “take on a board advisory role” for Trump. Conversely, the cryptocurrency sector will become a hot-button issue for both candidates. It does appear that Trump has become a more favorable candidate, expressing his openness to the expanding asset class.