Elon Musk is reportedly set to advise Donald Trump on cryptocurrency policy during his election campaign to help widen his voter base and attract digital asset enthusiasts.
Musk’s involvement could help reshape political dialogue, influence tech policy, and integrate crypto advocacy into Trump’s campaign.
Elon Musk To Advise Trump Election Campaign
According to several reports, discussions between Trump and Musk representatives are ongoing, with campaign strategists also contemplating inviting Musk to speak at the Republican convention. However, sources close to the developments have stated that no final decision has been taken as of now. Trump’s campaign sees Bitcoin and other digital assets as a way to attract new voters. Trump spokesperson Brian Hughes stated,
“Many of the nation’s most important leaders in technology and innovation are concerned with the damage done to their industry by Biden’s failures.”
If Musk’s involvement in the Trump campaign is confirmed, it could have a profound impact on the ongoing political dialogue thanks to his influence on tech and active engagement in political matters. The discussions with Musk come after Trump threw his weight behind Bitcoin and the crypto market, stating that innovation must take place in America.
“I am very positive and open-minded about crypto companies. Our country must be the leader in the field. There is no second place.”
Talks between Musk and Trump reportedly also involved ways in which the Tesla CEO could take on an advisory role should Trump be elected for a second term as president. However, the exact nature of such a role is still being discussed.
Trump’s Crypto Pivot
Donald Trump has received considerable support from the crypto industry, with industry leaders attempting to raise millions in donations to support his campaign and policies backing Bitcoin. Speaking at a Libertarian Party convention last week, Trump stated he would ensure that the future of crypto and Bitcoin will be decided in the USA and that he would support the right to self-custody for the nation’s crypto users.
The Republican presidential candidate also vowed to commute the sentence of Silk Road founder Ross Ulbricht if elected as president. Trump has been incorporating more crypto-friendly speeches and messages in his campaign as he looks to appeal to voters who prioritize positive regulation and technical innovation.
Musk Deflects Questions About Trump Campaign
In a late update, Elon Musk denied reports he is discussing crypto with Trump but added that he generally favors things that shift the balance of power from the government to the people, something that crypto does. Musk stated,
“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.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
