Elon Musk Denies Discussing Crypto Policies with Trump: Impact on Bitcoin (BTC) and Dogecoin (DOGE)

• Elon Musk has denied discussions with former United States President, Donald Trump on possible crypto policies.
• This comes after a Bloomberg report on a discussion between both parties.
• Crypto policies have become an important issue ahead of the US elections.

Elon Musk denies talks with Donald Trump on crypto policies, highlighting the growing importance of cryptocurrency regulations in the upcoming US elections.

Trump and Musk Reportedly Discuss Crypto

Bloomberg reported that Donald Trump has turned to billionaire Elon Musk for several reasons, including a crypto framework. This comes after Trump made some positive crypto comments in his campaigns in an attempt to court pro-digital asset voters.

Musk’s Stance on Decentralized Finance

Elon Musk has denied talks with former U.S. President Donald Trump on possible cryptocurrency regulations. This comes after reports of both parties holding discussions on the subject ahead of the country’s election. Although no talks were held, Musk noted that he favors the power shift crypto can achieve. Decentralized finance (DeFi) aims to cut off centralized intermediaries in finance giving power directly to users.

Conclusion

Elon Musk has become an influential figure in the digital asset ecosystem after tweets on several assets including Dogecoin (DOGE) and a popular appearance on Saturday Night Live in 2021. His acquisition of Twitter also rallied crypto users projecting a possible integration with digital assets. Apart from Musk, crypto executives have made efforts towards a broader crypto framework.