The US presidential election has a new blue chip in crypto: Elon Musk

The US presidential election has a new blue chip in crypto: Elon Musk

“Tesla CEO Elon Musk met with former U.S. President Donald Trump to advise him on cryptocurrency policy,” Bloomberg reported, citing sources familiar with the matter. “Trump has increasingly emphasized bitcoin and other digital assets on the campaign trail to win votes from new voters, the sources said. The Trump campaign is also considering inviting Musk to speak at the Republican National Convention, but the decision has not yet been finalized. In recent months, there have been quite a few meetings between Trump and Musk to gain insight into cryptocurrencies,” the source explained.

Meanwhile, in response to reports that Tesla CEO Elon Musk and former US President Donald Trump are discussing cryptocurrency policy, Musk said, “I can assure you that I have not discussed cryptocurrency with Mr. Trump. But I'm generally in favor of shifting power from the government to the people, and cryptocurrency can do that,” Musk said.

Robert F. Kennedy Jr, an independent candidate running for President of the United States as a member of the prestigious Kennedy family, said at the Consensus Conference, “If I were elected, I would treat cryptocurrencies as money. If it's a currency, it shouldn't be taxed. I have bought 21 BTC since the start of my presidential campaign and have given 3 BTC to my children.” “A commitment to cryptocurrency is also a commitment to freedom and transparency. The United States must remain a hub for blockchain technology,” he added. He previously revealed that he recently bought BTC and plans to buy ETH as well.