#TrumpVsMusk Here are the latest and most relevant updates about Elon Musk and XRP:
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🚨 Musk – Trump Conflict and its impact on XRP
June 4, 2025: Elon Musk criticized a very large government spending bill on X (formerly Twitter), calling it the "Big Ugly Spending Bill." Trump's response was immediate: he threatened to withdraw contracts and subsidies for Tesla, resulting in a ~10% drop in Tesla's stock and negative effects on the crypto market. Thus, Bitcoin, Ethereum, and XRP lost between 3 and 7%.
Joshua Dalton, a crypto expert, interpreted this move as a possible option for Musk to choose XRP (instead of DOGE or BTC) for the payment services of X Money, a counterpoint to pro-BTC investors in Trump's camp.
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💬 Rumor: Did Elon Musk "endorse" XRP?
There have been speculations that Musk posted a tweet saying "#XRP is looking quite promising" and deleted it after 20 seconds. There is no clear evidence: no screenshot, no archive.
Some claim that Grok (the AI on X) confirmed the post, but no original screenshot has been found.
The community remains skeptical: "If there was a real tweet, someone would have captured it" – was commented on X.
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🧩 Why is it important?
Musk's influence on crypto markets is notorious – for example, his tweets about Dogecoin and Bitcoin have generated massive fluctuations. A real tweet about XRP could have led to a large trading volume and a wave of FOMO.
If Musk were to integrate XRP into X Money for global payments, the technical advantages (fast speeds, low costs) could support the coin's adoption. However, major regulatory clarifications would be needed.
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🔭 Current situation
Outlook Current Situation
Real tweet from Elon Musk about XRP Completely unconfirmed; news is based on rumors/AI-generated
