Donald Trump

America Pac

Elon Musk

Elon Musk made his case for a paradigm shift in United States governance in an impassioned speech at an event in support of Republican presidential candidate Donald Trump on Oct. 17.&nbsp;
The town hall meeting, as it was <a data-ct-non-breakable="null" href="https://www.nytimes.com/2024/10/17/us/elections/elon-musk-town-hall-pennsylvania.html" rel="null" target="null" text="null" title="null">described</a>, took place in a high school auditorium on the outskirts of Philadelphia, Pennsylvania. It was Musk’s first solo speaking engagement since joining team Trump, and he used the opportunity to prop up the Republican candidate as the economically feasible option for voters.&nbsp;
<figure>
 <img alt="Politics, United States, Donald Trump, Elon Musk, US Elections 2024" src="https://s3.cointelegraph.com/uploads/2024-10/0192a0a4-a1d0-75ee-9cfa-9157956b2cd1" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/america/status/1847034236038979695" rel="null" target="null" text="null" title="https://x.com/america/status/1847034236038979695">America PAC</a>
 </figcaption>
</figure>
The billionaire mogul discussed a variety of topics ranging from the US deficit and alleged voter fraud to the US border and freedom of speech. And, while Musk did answer questions related to the possibility that he might head up <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-elon-musk-cabinet-us-president" rel="null" target="null" text="null" title="null">a new US Department of Government Efficiency (DOGE) if Trump wins</a> in November, he once again stopped just short of offering a full commitment to take the job.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/why-is-dogecoin-price-up-today" rel="null" target="null" text="null" title="null">Why is Dogecoin price up today?</a>
Musk solicited a smattering of cheers when he replied “Yeah, DOGE,” to an audience member who brought up the proposed department, but he side-stepped the topic of his involvement in his response. Instead, he blamed the nation’s economic problems on the “staggering” amount of wasteful government spending, calling the current administration’s actions a “misuse of the [taxpayers’] funds.”&nbsp;
<h2 id="department-of-government-efficiency">Department of Government Efficiency</h2>
Trump introduced the idea of having Musk serve as an adviser to his administration, if he’s elected, in an August interview. As Cointelegraph reported, later that same day, Musk posted an image of himself seemingly as the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-elon-musk-cabinet-us-president" rel="null" target="null" text="null" title="null">head of a proposed Department of Government Efficiency</a>, with the caption “I am willing to serve.”
<figure>
 <img alt="Politics, United States, Donald Trump, Elon Musk, US Elections 2024" src="https://s3.cointelegraph.com/uploads/2024-10/0192a0a5-3811-7fcd-89fd-6a5f0dd6154c" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/elonmusk/status/1825723913051000851" rel="null" target="null" text="null" title="https://x.com/elonmusk/status/1825723913051000851">Elon Musk</a>
 </figcaption>
</figure>
While many have interpreted Musk’s post as an affirmation of his intent to join a potential future Trump cabinet, it’s arguable that Musk’s campaign efforts to date could be considered “service.”&nbsp;
Prior to Musk’s “DOGE” posts, he <a data-ct-non-breakable="null" href="https://www.usatoday.com/story/news/politics/elections/2024/10/16/elon-musk-donald-trump-donation/75699039007/" rel="null" target="null" text="null" title="null">created</a> a “Super PAC” — a political action committee — called America PAC that’s focused on registering at least 800,000 new voters in swing states. The PAC is expressly pro-Trump, and Musk himself has donated at least $75 million to it.&nbsp;
With the exception of Musk’s aforementioned post, and his continuing efforts for the Trump-Vance campaign, there’s still no formal indication that the world’s richest person will pivot to politics full time.
Doing so might not be in the best interests of the many stakeholders who could experience a financial shakeup if Musk were to abandon or dilute his leadership position among the more than half a dozen technology companies he owns. 
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/rabby-scammer-konpyl-crypto-ceo-mountain-victims/" rel="null" target="null" text="null" title="null">Fake Rabby Wallet scam linked to Dubai crypto CEO and many more victims</a>

Elon Musk discusses DOGE cabinet position, economics at Trump rally

Table of Contents

Cointelegraph

Other articles published on Oct 18, 2024

Trending Meme Coins To Watch Today, October 17 – Goatseus Maximus, Cheems, Degen

Dwindling Bitcoin Supply On Exchanges Could Propel BTC to $70k

Why Litecoin (LTC) Price is Surging?

X Empire Announces Privileges for “X” Holders

Nick Szabo, Len Sassaman, or Someone Else: Who is the Real Satoshi Nakamoto?

Trader Turns $96 into $3M with Trump Token Amid PolitiFi Surge.

Join our free newsletter for daily crypto updates!