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

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 threats from the EU Commission, Musk and Trump 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 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.

The post Elon Musk-Donald Trump Interview: Crypto, Key Highlights, and Issues appeared first on CoinGape.

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Filed under: News - @ August 13, 2024 4:35 am