Elon Musk Donald Trump Interview: Key Highlights and Issues
Highlights
- Bitcoin and Crypto were skipped in the recent discussion during the Donald Trump interview.
- The X platform met with a DDoS attack delaying the interview time further before things resumed to normalcy.
- The two leaders talked about inflation and the current state of US economy and the repairing measures required.
The much-awaited Elon Musk Donald Trump interview happened on Monday, where the two discussed almost everything inflation, trade, nuclear, power, and education, however, chose to give Bitcoin and crypto a miss. The hopes from the crypto community were high as both – Musk and Trump – are close to the crypto industry.
Elon Musk’s X Platform Faces DDoS Attack
Just ahead of the Donald Trump interview, Elon Musk’s social media platform faced a strong DDoS attack despite all the stress testing done the day before. As per Musk, there was huge traffic to the interview as the X platform witnessed a staggering 8 million concurrent listeners to the platform.
We tested the system with 8 million concurrent listeners earlier today https://t.co/ymqGBFEJX0
— Elon Musk (@elonmusk) August 13, 2024
Despite the EU Commission threatening Musk, the two leaders discussed a wide range of topics starting from the inflation heat and the state of the US economy. Speaking on the EU warning of spreading misinformation, Musk said that “there’s a lot of attempts to force censorship on other countries.”
On the other hand, Trump criticized the Biden government over the inflation issues. He said: “people have been absolutely decimated” by inflation.” “We’ve got to get the prices down,” he said.
Besides, the former US President also slammed the FDA and the Department of Education. Pointing out the drug approval process, Musk said that “the FDA takes too long”. He also claimed that he approved therapeutics at “numbers they wouldn’t believe, and it’s very bureaucratic”. Interestingly Trump promotes a “right to try” law that allows people to try unapproved drugs yet to receive the FDA approval.
Musk Eyes White House Role In Donald Trump Administration
The two players also exchanged views on what’s wrong with the economy with billionaire Elon Musk pitching a role for himself in the Donald Trump administration. Musk proposed a “government efficiency commission” and said that he would be happy to work on it.
“I’d be happy to help out on such a commission — I’d love if it were formed,” Musk said. Interestingly, Donald Trump also acknowledged this idea.
Musk has been closer to Trump than ever before this time while advising him on electric vehicles and crypto policies, after a rocky relationship with the Biden administration. The SEC vs crypto industry battles have escalated in 2024 with top players like Coinbase demanding transparency and calling out the regulatory overreach.
During the previous Trump administration, Musk was on the White House advisory councils, however, later departed from these positions amid Trump’s decision on the landmark Paris Climate Accord.
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%
- Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation
- Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges Amid Scam Allegations
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
