Sharee Saintlouis dACL

TL;DR

Elon Musk has issued a humorous yet sharp warning about the increasing frequency of crypto scams on social media, where scammers pose as “attractive women” to deceive unsuspecting users.

Additionally, he clarified that the U.S. government has no plans to adopt Dogecoin or any other cryptocurrency.

Despite its comedic tone, his message reinforces the importance of staying vigilant and protecting the crypto community.

Elon Musk, CEO of Tesla and owner of the X platform, has once again stirred the global crypto community with a meme that may seem funny but carries a serious warning: scammers are evolving. In his post, Musk shared an image of the Greek god Poseidon with a fictional quote warning users that if a “hot girl” starts talking about crypto, it’s time to “block him.” Behind the humor, Musk sheds light on a growing tactic: male scammers pretending to be attractive women to earn the trust of male crypto holders and lure them into fraudulent schemes.

The post was commented on by “Grok”, the AI chatbot developed by X, which clarified that the meme was a playful way to remind users to stay cautious when receiving suspicious messages. Although it might look like a joke, the warning is timely, given the surge in crypto-related frauds, especially on messaging apps and social platforms.

Moreover, warnings from public figures like Musk carry significant weight. His vast influence within the tech and financial spheres triggers immediate reactions, and many users see his posts as red flags or even indirect investment cues. The blend of his ironic tone and open crypto support has created a unique style that resonates with a digital-savvy audience, one that’s increasingly aware of online risks and scams in the ever-evolving crypto space.

DOGE’s Role and the Future of Crypto in the U.S.

This isn’t the first time Musk has addressed the crypto ecosystem. Back on March 31, he confirmed via his X account that the U.S. government currently has no plans to implement Dogecoin or any other cryptocurrency. He clarified that his Department of Government Efficiency, humorously referred to as D.O.G.E., has no affiliation with the meme coin, despite the shared spelling and pronunciation.

While some took this statement as a negative sign, from a pro-crypto perspective, it marks a cultural milestone: the mere mention of such terms in official spaces signals progress. And with high-profile figures like Musk willing to speak, and joke, about cryptocurrencies, the crypto conversation remains more alive than ever.

 

 

SHIB ATH SOON! SHIBA INU ABOUT TO PUMP! BUY SHIB NOW?! SHIB PRICE PREDICTION

🧐🙏We are praying with Trump...We pray for the whole world that goodness may come#TRUMP #worldpraying #market

Donald Trump wants Jerome Powell gone, and the White House is making it official. On Friday, his top economic adviser confirmed that removing the Federal Reserve chair is now a live option.

“The president and his team will continue to study that matter,” said Kevin Hassett, head of the National Economic Council, during a press briefing, when asked if Powell’s dismissal is on the table. That answer followed Trump’s latest outburst just one day earlier, where he openly threatened to fire Powell.

Trump told reporters:

“I’m not happy with him. I let him know it and if I want him out, he’ll be out of there real fast, believe me.” 

The president nominated Jerome Powell to lead the Fed during his first term. Since then, Powell has raised interest rates, resisted Trump’s demands, and warned that the president’s trade policies could damage the economy.

Now, Federal Reserve governors are appointed for 14-year terms. Presidents can’t just fire them. To legally unseat Powell, Trump would have to prove “cause,” something the law reserves for misconduct or major failure.

Donald Trump with Jerome Powell. Official White House Photo by Andrea Hanks (Via Flickr)

Trump tests legal limits as frustration builds with Fed leadership

Trump’s administration is actively looking at how to bypass that rule. He’s already challenging similar restrictions in court. There’s a pending Supreme Court case where Trump is trying to remove limits on his power to fire members of the National Labor Relations Board and the Merit Systems Protection Board.

If the court sides with him, the ruling could give him legal cover to boot Powell too. Powell himself mentioned the case during a talk at the Economic Club of Chicago, saying:

“That’s a case that people talk about a lot. I don’t think that that decision will apply to the Fed, but I don’t know. It’s a situation that we’re monitoring carefully.”

In 2018, the Fed raised rates many times, which infuriated Trump and made him consider firing Powell even back then. That threat spooked markets, but Trump eventually backed off. Now he’s back at it again, only this time he seems more serious, and he has fewer people trying to stop him.

Meanwhile, Treasury Secretary Scott Bessent has been warning people inside the White House that firing Powell could wreck financial markets. Two people with direct knowledge of internal conversations told reporters that Bessent has delivered that message repeatedly.

But Trump isn’t listening. His anger is building because Powell isn’t cutting rates, and Trump thinks he should’ve done it a long time ago.

Behind the scenes, the president has been talking to others about replacing Powell before his four-year term ends in May 2026. He met with Kevin Warsh, a former Fed governor, at his Mar-a-Lago estate in Florida to discuss the possibility.

Warsh reportedly advised Trump not to interfere with Powell’s tenure and warned him against removing the Fed chair. But the idea didn’t die there. Others close to Trump have brought up firing Powell as recently as early March, according to a report from the Wall Street Journal.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

"We believe bitcoin is digital gold... we don't want to sell any bitcoin. We want to accumulate as much as we can get."

- White House Adviser Bo Hines : Bitcoin

🔥#NEWS | 💰#CRYPTO