🚨 #trump warns: taxes will rise by 68% if the 'Musk Law' is not passed 🇺🇸💰
Donald Trump stated that Americans face a tax increase of up to 68% if Congress does not pass the bill, which he claims is critically important for Elon Musk's companies.
🔹 The focus is on supporting innovation, the defense industry, and AI.
🔹 Musk has already publicly reacted: he opposes the 'bankruptcy of America'.
🔹 Cryptocurrency markets are closely monitoring the situation — tax changes could also affect investors.
📉 Market reaction is already noticeable:
• Tesla shares fell by over 10%, resulting in a loss of over $100 billion in the company's market capitalization. This happened after Trump's threats to cancel federal subsidies and contracts for Musk's companies, including Tesla and SpaceX.
• Investors are concerned about potential regulatory hurdles that could delay the rollout of Tesla's autonomous vehicles in over 20 cities next year.
• The cryptocurrency market is also showing volatility amid political instability and possible changes in U.S. tax policy.
📉 The consequences for Web3, Tesla, SpaceX, and the cryptocurrency market could be significant.