Elon

Joe Biden

Donald Trump

Elon Musk

Musk has denied claims that he discussed crypto with Trump despite ongoing speculation and reports suggesting otherwise.&nbsp; 
Elon Musk took to X (formerly Twitter) to deny reports suggesting he talked about crypto with <a href="https://crypto.news/tag/Donald-Trump/" target="_blank" data-type="link" data-id="https://crypto.news/tag/Donald-Trump/" rel="">Donald Trump</a>, the leading candidate for the 2024 Republican presidential nomination. 
“Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do,” Musk <a href="https://x.com/elonmusk/status/1796211398088810731?s=46&amp;t=v4MeJk18PFydz-g2BpdAVg" target="_blank" rel="">wrote</a> in a post on X. 
The Tesla CEO was responding to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-05-30/musk-counsels-trump-on-crypto-in-sign-of-billionaire-s-influence" target="_blank" rel="">report</a> that claimed Musk counseled Trump on crypto-related matters, a prospect that has generated significant interest. The report also discussed the possibility of <a href="https://crypto.news/tag/elon-musk/" target="_blank" data-type="link" data-id="https://crypto.news/tag/elon-musk/" rel="">Musk</a> speaking at the upcoming Republican National Convention alongside Trump. 
These reports come as Trump increasingly promotes Bitcoin and other digital assets on the campaign trail. Trump sees Bitcoin and other cryptocurrencies as a way to appeal to new voters. 
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Trump’s crypto holdings have <a href="https://crypto.news/donald-trumps-crypto-portfolio-exceeds-10-million-thanks-to-trump-coin-and-ethereum-surge/" target="_blank" data-type="link" data-id="https://crypto.news/donald-trumps-crypto-portfolio-exceeds-10-million-thanks-to-trump-coin-and-ethereum-surge/" rel="">exceeded $10 million</a> and the MAGA token <a href="https://crypto.news/maga-soars-to-all-time-high-then-recedes-10/" target="_blank" data-type="link" data-id="https://crypto.news/maga-soars-to-all-time-high-then-recedes-10/" rel="">just reached an all-time high</a> of $15.4. 
Musk has not responded to the reports about him speaking at the Republican convention. 
<h2 class="wp-block-heading" id="advisory-role">Advisory role</h2> 
On May 29, The Wall Street Journal <a href="https://www.wsj.com/politics/donald-trump-elon-musk-alliance-d1fe43e3" target="_blank" rel="">reported</a> that Trump was considering a “possible advisory role” for Musk if he were to reclaim the White House in November’s election. 
Both men once had a tense relationship but are now engaged in political talks about policy ideas, such as immigration and, reportedly, crypto.&nbsp; 
Elon Musk has <a href="https://www.nbcnews.com/tech/tech-news/elon-musk-trump-biden-campaign-president-support-rcna142052" target="_blank" data-type="link" data-id="https://www.nbcnews.com/tech/tech-news/elon-musk-trump-biden-campaign-president-support-rcna142052" rel="">announced</a> that he will not be contributing to either presidential campaign in the upcoming election. But, he has allegedly informed Trump that he intends to hold events to discourage rich supporters from backing Joe Biden in November.&nbsp; 
This relationship is significant for the crypto market as both <a href="https://crypto.news/dogecoin-surges-11-after-elon-musk-announces-future-tesla-payment-option/" target="_blank" data-type="link" data-id="https://crypto.news/dogecoin-surges-11-after-elon-musk-announces-future-tesla-payment-option/" rel="">Musk</a> and Trump have the potential to influence public attitudes toward digital currencies. Their discussions and Musk’s active stance could sway investor sentiment and shape future regulatory policies, impacting the broader adoption and stability of crypto.

Elon Musk denies crypto talks with Donald Trump amid advisor speculations

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