Tension Between Donald Trump and Elon Musk
The conflict between Trump and Musk escalated when Musk criticized Trump’s financial policies. In response, Trump called Musk "crazy" and accused him of using politics for personal gain. This dispute led to a 14% drop in Tesla’s stock price and a $34 billion decrease in Musk’s personal wealth (ft.com, timesofindia.indiatimes.com).
Potential Partnership Between the Trump Family and Binance
In March 2025, reports surfaced that the Trump family was in discussions to acquire a stake in Binance's U.S. arm. These talks took place in the context of Binance founder Changpeng Zhao seeking a pardon from the Trump administration after serving four months for violating money laundering laws (ndtv.com).
Musk’s Stance on Crypto Policy
Although some reports claimed Musk was advising Trump on crypto policy, Musk denied such claims. He wrote on X:
"To the best of my knowledge, I’ve never discussed crypto with Trump, although I generally support things that shift power from government to the people, as crypto can."
(binance.com)
Conclusion
The growing tension between Trump and Musk, alongside the Trump family's potential involvement with Binance, could have significant implications for the crypto market. This situation is affecting not only financial markets but also the political landscape, with more developments likely to unfold in the coming days.
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