Gains

Following Donald Trump’s conviction for fraud, his loyal followers rushed to reaffirm their support for the twice-impeached Republican leader. Interestingly, amidst this, there’s been a resurgence of stories surrounding another notable figure from the right-wing camp—Elon Musk—and his growing association with Trump. 
<a href="https://www.bloomberg.com/news/articles/2024-06-04/podcast-elon-and-donald-seem-to-have-made-up" target="_blank" rel="noreferrer noopener nofollow">Reports from Bloomberg</a> and the Wall Street Journal shed light on Musk’s advisory role to Trump on matters related to cryptocurrency, possibly including the meme-inspired Dogecoin. Additionally, there’s speculation about Musk’s involvement in a potential second Trump administration, with details emerging about their interactions in Florida. 
In 2021, Trump was suspended from Twitter for violating its policies on hate speech. In 2022, Elon Musk acquired Twitter, sparking speculation about changes in moderation and content policies. 
However, Musk himself is facing legal scrutiny. He’s set to be deposed as part of a Securities and Exchange Commission (SEC) investigation into his acquisition of a significant share in Twitter, which he allegedly didn’t disclose initially.&nbsp; 
Moreover, he’s facing a lawsuit over an alleged insider trading scheme involving Tesla shares, among other legal challenges, including multiple lawsuits from former Twitter vendors and employees seeking compensation. 
Critics say, if proven, Musk’s actions show he doesn’t follow business rules. This is similar to Trump’s legal problems for misusing classified info and hurting democracy. 
Despite facing legal problems, Musk and Trump are getting along well. They talk a lot, especially about crypto stuff. While Musk denies discussing cryptocurrency with Trump, his public alignment with Trump’s immigration stance has been notable. 
Musk’s support for the Republican Party and Trump doesn’t seem to manifest in financial contributions, as per public records. However, he’s potentially aligning himself with Trump’s ideologies, evident in rumors of a possible appearance at the Republican National Convention. 
Also, X and NewsNation are teaming up to put on town hall meetings with Trump and Robert Kennedy Jr. This is a big deal because it’s giving Trump a chance to be in the spotlight again, even though he mainly uses TruthSocial to talk to people. 
In 2024, ahead of the US presidential elections, Trump attempted to court the crypto community, touting himself as a champion of digital currencies. However, amidst legal woes, Trump faced conviction. Surprisingly, Elon Musk, tweeted support for Trump post-conviction, sparking controversy and speculation about their alignment in politics and finance. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/01/trumps-crypto-wallet-gains-500000-amidst-guilty-verdict/" target="_blank" rel="noreferrer noopener">Trump’s Crypto Wallet Gains $500,000 Amidst Guilty Verdict</a> 
</blockquote>

With Crypto in Spotlight, Trump Finds New Friend in Musk

The Crypto Times

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