The Fallout Between Two Billionaires
The public feud between Donald Trump and Elon Musk has taken a serious turn.
Trump warned that Musk would face "very serious consequences" if he decides to fund Democrats, signaling a significant deterioration in their relationship.
The Tax Bill Controversy
The tension between the two billionaires stems from Musk's criticism of Trump's sweeping tax-cut and spending bill.
Musk denounced the bill as a "disgusting abomination," which complicated efforts to pass it in Congress. The bill, which narrowly passed the House, is estimated to add $2.4 trillion to the US debt over 10 years.
Trump's Stance
In a phone interview with NBC News, Trump declined to specify what consequences Musk would face but expressed confidence that their relationship is over.
Trump also suggested a review of federal government contracts held by Musk, further escalating the situation.
Musk's Shift in Tone
Despite the heated exchange, people close to Musk indicate that his anger has begun to recede, and he may want to repair his relationship with Trump.
Musk had deleted some social media posts critical of Trump, signaling a potential de-escalation of their public feud.
The Future of Their Relationship
Trump, however, seems resolute in his stance, stating that he has no desire to repair his relationship with Musk.
The situation remains volatile, with the potential for further repercussions on Musk's business dealings and Trump's legislative agenda.
#TrumpVsMusk #BigTechStablecoin #CircleIPO #BinanceSquareTalks #BreakingCryptoNews
