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Elon Musk is considering rehiring a former DOGE team member, Elez, who was let go after racist social media posts surfaced. JD Vance, supported by Trump, argued that social media missteps shouldn't ruin a young person's life, while Musk called for the firing of the journalist who reported on Elez's posts. The situation highlights the controversial dynamics within Musk's team, which has faced scrutiny for its members' extremist views and access to sensitive government systems.
Elon Musk’s Department of Government Efficiency is set to investigate the Central Accounting Reporting System (CARS) at the Treasury Department next week, raising concerns about access to sensitive financial data. This follows a controversial demand for access to another Treasury system, which has led to congressional scrutiny and a federal court battle over the extent of their access. Amidst these developments, a Musk-affiliated official resigned after racist social media posts were uncovered, while Musk expressed support for reinstating him.
Elon Musk's significant investment in Donald Trump's campaign has positioned him as a key player in the new administration, influencing foreign policy with his corporate interests and personal ambitions. His role includes advising on international relations, notably with Ukraine and Iran, while promoting a conservative agenda that aligns with Trump's. Musk's actions, such as leveraging Starlink in global conflicts and pushing for regulatory changes, reflect his desire to intertwine his business ventures with U.S. foreign policy.
The recent DC plane crash underscores the pitfalls of applying a business model to government, as seen in Trump's administration. In a chaotic first ten days, key aviation safety measures were dismantled, and federal workers faced confusion and trauma from drastic changes, including an offer to resign with benefits. Amidst this turmoil, the administration deflected blame for the crash, further complicating the response to a crisis at its doorstep.
Elon Musk's company X, formerly Twitter, has partnered with Visa to launch a digital payments tool called X Money, described as an "everything app." The platform will enable real-time funding and peer-to-peer payments through Visa Direct, with plans to expand its payment capabilities across the U.S. by acquiring state money transmitter licenses.
Elon Musk has emerged as a significant political player in Trump's administration, advocating for corporate deregulation and leading the "Department of Government Efficiency" (DOGE). His close ties to Trump, including frequent visits to Mar-a-Lago and substantial campaign contributions, have earned him the nickname "President Musk" among critics. Despite stirring tensions within Trump's base, Musk's influence is poised to shape the upcoming term significantly.
Elon Musk and Vivek Ramaswamy's partnership in the newly established Department of Government Efficiency (DOGE) has unraveled due to fundamental differences in their approaches. While Ramaswamy favored a constitutional method to reduce government size, Musk advocated for a technology-driven strategy from within the government. This divergence led to Ramaswamy's exit as he prepares to run for governor of Ohio, leaving Musk with expanded access to federal operations and a focus on leveraging technology to reform government.
Elon Musk is set to speak at President-elect Donald Trump’s pre-inauguration rally, where he will discuss his role in leading the newly established Department of Government Efficiency (DOGE). The initiative aims to cut $2 trillion from the federal budget by eliminating waste and streamlining operations, although Musk has suggested that a more realistic target may be $1 trillion. Other speakers at the event include Vice President-elect JD Vance and media personality Megyn Kelly.
Mark Zuckerberg, Elon Musk, and Donald Trump are forming a powerful alliance against the EU's stringent digital regulations, which have already cost tech giants billions in fines. As they push back against these laws, concerns grow over potential political meddling and the erosion of democratic values in Europe. Musk's involvement in European politics, particularly his support for far-right parties, raises alarms among leaders like French President Emmanuel Macron.
Donald Trump is set to prioritize cryptocurrency regulation upon taking office, with plans to issue executive orders that may allow U.S. banks to hold Bitcoin and other digital assets. This move aims to address de-banking issues and revoke existing accounting rules that classify digital assets as liabilities. A recent private event at Mar-a-Lago gathered tech and crypto leaders to discuss innovation and policy, signaling a collaborative approach between the government and the tech industry.
JD Vance
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