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Trump and Musk in Talks for Bitcoin, XRP, and Crypto Policy on the Table: WSJ Reports Potential White House Role for Musk

Donald Trump crypto

  • Trump and Musk may collaborate on crypto policy if Trump is re-elected.
  • Trump’s campaign now accepts cryptocurrency donations, signaling strong support for blockchain technology.

In line with recent updates on Donald Trump’s 2024 campaign, it has been announced that cryptocurrency donations are now accepted, indicating strong support for blockchain technology. This move marks a significant shift from the previous administration’s approach, suggesting a potential change in U.S. crypto policy, as noted in a recent Crypto News Flash post.

According to a recent update by The Wall Street Journal, Donald Trump and Elon Musk have discussed a possible advisory role for the Tesla CEO should Trump reclaim the White House. This development is a clear indication that the once-frosty relationship between the two has improved.

While the role hasn’t been finalized, and there are no guarantees it will materialize, discussions have centered on giving Musk formal influence over policies related to border security and the economy, areas where Musk has become increasingly vocal.

Musk’s Stance on Crypto Discussions

Elon Musk has denied claims that he has discussed cryptocurrency policy with Trump. In a post on X, the social-media platform formerly known as Twitter, Musk stated he was “pretty sure” he hasn’t talked about cryptocurrencies with Trump. However, he did reiterate his support for digital assets, emphasizing their potential to shift power from the government to the people. Musk’s comments were in response to a Bloomberg report that suggested he and Trump were discussing crypto policies.

This development was also highlighted in a tweet by Doge Designer, noting the ongoing discussions between Musk and Trump regarding cryptocurrency policy.

Cryptocurrency in Trump’s Campaign

Further illustrating his newfound support for digital currencies, Trump’s campaign has announced it will begin accepting cryptocurrency donations. This initiative aims to build what the campaign terms a “crypto army” leading up to Election Day.

This strategy represents a significant pivot in Trump’s stance on cryptocurrencies, having previously expressed skepticism. In a May 25 post on Truth Social, Trump declared himself “very positive and open-minded to cryptocurrency companies.”

Amid these developments, Bitcoin (BTC) has been trading at $68,451.37, experiencing a 1.02% increase over the past day and a 1.04% rise over the past week.

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