🚨 Elon Musk leaves Trump's administration after disagreements over fiscal policy
Elon Musk has decided to step down as head of the Department of Government Efficiency (DOGE) in the Trump administration. His resignation comes after publicly criticizing the new tax law which, according to him, will increase public spending instead of reducing it. During his tenure, Musk attempted to cut federal spending and exposed over $175 billion in waste, although he faced multiple challenges, lawsuits, and controversies over alleged conflicts of interest.
💡 What does this mean for the crypto market?
Musk's departure could create uncertainty in the markets, especially if interpreted as a sign of internal disagreement within the administration over economic policies. Considering his influence in the tech and financial ecosystems, this decision could also have an indirect impact on investor confidence, both in companies related to him and in risk assets such as cryptocurrencies.
