Elon Musk's Close Ties with Trump Spark Speculation on Crypto Policy Influence

Nov 29, 2024, 05:48 PM

Elon Musk, the world's richest man, has been spending considerable time at Mar-a-Lago with Donald Trump, who is soon to be the world's most powerful man, following Trump's victory in the 2024 US Presidential Election. Musk's involvement in the presidential transition has been noted by various sources, with CNN expressing concern over Musk's close relationship with the Trump family. Musk's presence at Mar-a-Lago, including during Thanksgiving, has been described as him taking on roles akin to a 'favorite son, first lady, and shadow president.' This relationship has sparked discussions and reactions across social media and news outlets, with some suggesting it could influence policy decisions, particularly in the realm of cryptocurrency, as crypto executives urge Trump to establish a National Bitcoin Reserve.