🚨 Elon Musk Slams Trump-Backed Tax Bill: “Mad and Destructive to Jobs” — What It Means for the Futu

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In a bold statement that has stirred waves across both political and financial spheres, American billionaire and Tesla CEO Elon Musk harshly criticized the latest tax and spending bill supported by Donald Trump. As the Senate prepared to vote on the nearly 1,000-page legislative package, Musk didn’t hold back.

> "The latest Senate bill will destroy millions of jobs in America and cause tremendous strategic harm to our country," Musk warned on Saturday.

Musk further called the bill “mad and completely destructive,” claiming it unfairly rewards outdated industries while undermining emerging sectors that are vital for the future — including tech, AI, clean energy, and yes, crypto.

🧠 Why This Matters to Us in Crypto

As someone deeply embedded in innovation, Musk’s opinion hits home for crypto investors. His critique highlights a larger issue: government policies are lagging behind the pace of innovation. While countries like the UAE, Singapore, and El Salvador are welcoming Web3 and blockchain, the U.S. risks falling behind if it continues to pass bills that discourage progress.

> “This bill gives privileges to industries of the past while causing severe damage to industries of the future,” Musk added — a clear signal that innovators feel threatened, not supported.

💰 Impact on the Market: $DOGE, $USD1, and Beyond

As expected, Dogecoin ($DOGE) briefly rallied following Musk’s statement, fueled by speculation and Musk’s continued indirect support of decentralized assets. The conversation also sparked debates around the future of the digital dollar ($USD1) and whether government-backed tokens would face pushback from tech leaders.

🔮 My Take: Innovation Needs Freedom, Not Chains

This moment shows us something deeper: if we want to build a future on blockchain, we need policies that promote freedom, not control. Elon’s warning is not just about one bill — it’s about a bigger fight between old systems and new ideas.

Whether you're in DOGE for the memes or in crypto for the revolution, one thing is clear — the battle between innovation and regulation is heating up.

Stay alert, stay informed.

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