#TrumpVsMusk Donald Trump and Elon Musk disagreed $BTC $BNB $XRP over the Beautiful Big Bill Law. Musk criticized the law, calling it a "disgusting insult" while Trump supported it. This disagreement caused a public confrontation between them on social media, where Musk suggested forming a new political party called "America Party" and threatened Trump with cutting government contracts with Musk.
*Key Events:*
- Musk's criticism of the law on May 27, 2025 - Trump's response on June 5, 2025, describing Musk's criticism as "disappointing" - Public confrontation on social media - Temporary truce after a phone call on June 9, 2025
*Consequences of the Disagreement:*
- Musk lost $34 billion and Tesla's stock fell by 15% - The disagreement presented a risk of $100 million in political donations to Trump-affiliated organizations - The disagreement left Silicon Valley divided, with some fearing repercussions on their government positions
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