🥊 What’s fueling the feud?
One Big Beautiful Bill clashes
President Trump unveiled a massive tax‑and‑spending package (“One Big Beautiful Bill”), which Elon Musk branded “utterly insane” and warned would lead to “debt slavery”
**Musk threatens new “America Party”**
Musk hinted at launching an alternative political movement if the bill passes . Trump retaliated by threatening to withdraw federal subsidies and even suggested Musk should “go back to South Africa” .
**DOGE vs. “DOGE”**
Trump floated revoking U.S. government contracts for Tesla and SpaceX, even teasing Musk’s “deportation.” Musk, however, defiantly responded: “CUT IT ALL. Now.”—refusing to back down
📉 Market reverberations
Tesla stock reaction
Tesla shares dropped ~6% pre-market amid the flare-up
Crypto volatility
Bitcoin slid ~1.3%, total crypto cap dipped, and Dogecoin saw increased trading amid fears of Musk-related subsidy cuts
💼 Binance’s role
Trump’s pro‑crypto tilt
Under Trump’s administration, crypto became more embraced—pause/dismissal of SEC lawsuits vs. Binance, Coinbase, Ripple—and pro‑crypto appointees were installed .
Binance connection to Trump family
A $2 billion investment in Binance came through Trump-associated stablecoin USD1 (created by World Liberty Financial, linked to Trump and sons) .
Improving Binance’s U.S. standing
With Trump in office, Binance CEO Richard Teng emphasized stronger compliance efforts aimed at gaining legitimacy in the U.S. .
🧭 Bottom line
The Trump–Musk feud is more than posturing—it has real political and financial consequences: impacts on Tesla/SpaceX contracts, Congress’s malaise around crypto measures, and ripple effects in crypto markets.
Binance is tied into this dynamic—benefiting from the Trump administration’s crypto-friendly stance and its own financial ties to Trump's ventures.
As tensions grow, expect intensifying rhetoric (“deport Musk,” mobile subsidies) and further market turbulence from these high-stakes battles.
#TrumpVsMusk #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase
