Donald Trump, Elon Musk Engage on Possible Crypto Policies Ahead of November Elections

Former US President Donald Trump and Elon Musk are holding talks on possible crypto policies ahead of the upcoming U.S. Presidential election. Crypto assets are fast becoming mainstream in the run-up to the November polls. This has led to candidates making pro-crypto comments as well as some legislators becoming more open to the idea of crypto on the financial markets.

Trump and Musk Discuss Crypto

Donald Trump has turned to billionaire Elon Musk for several reasons including a crypto framework, Bloomberg reported. This comes after Trump made some positive crypto comments in his campaigns in an attempt the court pro-digital asset voters.

Elon Musk has become an influential figure in the digital asset ecosystem after tweets on several assets including Dogecoin (DOGE) and a popular appearance on Saturday Night Live in 2021. His acquisition of Twitter also rallied crypto users projecting a possible integration with digital assets. Apart from Musk, crypto executives have made efforts towards a broader crypto framework.

According to the report, citing sources familiar with the matter, Trump’s campaign is also exploring the possibility of Musk speaking at the Republican convention. This points to the influence the billionaire has garnered in Washington over the years. While it is unknown what the speech will be based on, if he agrees, users speculate a possible crypto mention ahead of the elections

Around social media spaces, recent events have sparked a buzz among crypto users as the industry now gets more support before the elections. Recently, the FIT21 bill was passed by the House of Representatives. 

Wider Musk Consultations

Both parties are reportedly holding talks on Musk holding an advisory role should Trump get election in November for a second term. Discussions between both parties have increased as the election approaches.

Particularly Elon Musk has held talks with Trump’s allies concerning electric vehicles and space programs. Musk is the CEO of electric vehicle manufacturers, Tesla and SpaceX.

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