Elon Musk has refuted claims that he engaged in discussions about cryptocurrency with former US president Donald Trump. Recently, Bloomberg reported that the two billionaires were in talks about cryptocurrency policy, citing a source familiar with the meetings. However, Musk took to social media platform X to dismiss the report as baseless. He stated, “I’m pretty sure I’ve never discussed crypto with Trump, although I generally support initiatives that shift power from the government to the people, which is something crypto can achieve.” Additionally, Musk denied a report from The Wall Street Journal suggesting that he is being considered for an advisory role in the event of Trump’s victory in the upcoming November presidential election. He clarified, “There have been no discussions regarding a role for me in a potential Trump Presidency.”

The news of Musk advising Trump on crypto comes as the presumptive Republican nominee seeks support from the crypto community in his bid to return to the White House. Trump, who was previously critical of digital assets and labeled Bitcoin a scam against the US dollar, recently announced that he is accepting crypto donations for his campaign. He also criticized President Joe Biden and U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler for their stance against digital assets.

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