Despite their past differences, Musk and Trump have reportedly mended their relationship and are now in regular communication.
Elon Musk and Donald Trump have reportedly been in talks about Musk potentially advising Trump on various issues, including cryptocurrency, should Trump win the upcoming presidential election.
According to a Bloomberg report, these discussions have been ongoing, with Trump’s campaign strategists considering inviting Musk to speak at the Republican convention. However, sources close to the matter reveal that a final decision has not been made.
The Wall Street Journal reports that the talks between Musk and Trump are still in the preliminary stages. If Musk were to take on this advisory role, he would have Trump’s ear on critical issues such as border security and the economy.
Despite their past differences, Musk and Trump have been mending their relationship and are said to communicate regularly on various topics as the election approaches.
Plan with Nelson Peltz
Musk has reportedly briefed Trump on a plan he developed with activist investor Nelson Peltz. This plan focuses on preventing voter fraud using data to ensure votes are fairly counted.
Peltz, who recently led a failed proxy vote at Disney, is working with Musk to bring innovative solutions to electoral integrity issues.
Musk’s Political Stance
In recent months, Musk has been vocal about his views on the Biden administration. In March, the Tesla CEO said on X (formerly Twitter) that he used to vote “100% Dem until a few years ago.”
He has expressed frustration with Biden’s policies, especially regarding border security. Musk announced in 2022 that he planned to vote Republican in the next election, citing his dissatisfaction with the current administration. According to him, Biden’s border policies are equivalent to “treason,” as the administration is “ushering in vast numbers of illegals” to cast voters illegally.
Presidential Candidates’ Views on Cryptocurrency
As a presidential candidate in 2024, Trump now embraces cryptocurrency and positions himself as a champion of the industry. According to him, he is open-minded and supportive of cryptocurrency companies and all things relating to this burgeoning industry. There is even a fundraising page for cryptocurrency donations on his campaign website.
On the other hand, Biden is cautious about cryptocurrency and wants to prevent tax evasion using digital assets. Under his rule, the SEC has been stringent toward crypto firms as it was seen through their actions of suing crypto firms.
According to a recent report from The Block, President Joe Biden’s re-election campaign has begun contacting crypto industry players for guidance regarding crypto “community and policy.”