WSJ reports potential White House role for Musk

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

In line with recent updates regarding Donald Trump’s 2024 campaign, it was announced that cryptocurrency donations are now accepted, indicating strong support for blockchain technology. This movement marks a significant change compared to the previous management approach, hinting at a potential change in US crypto policy, as noted in a recent Crypto News Flash post.

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

While the role has not 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 active.

Musk’s position in crypto discussions

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

This development was also highlighted in a tweet by Designer Dogenoting the ongoing discussions between Musk and Trump over cryptocurrency policy.

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Cryptocurrency in Trump’s campaign

Further illustrating its new support for digital currencies, the Trump campaign announced that it will begin accepting cryptocurrency donations. This initiative aims to build what the campaign calls a “crypto army” before 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 towards cryptocurrency companies.”

Amid these developmentsBitcoin (BTC) has been trading at US$68,451.37experiencing a 1.02% increased in the last day and a 1.04% increased last week.

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