This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Elon Musk has criticized a Republican-backed tax-and-spending package, warning it could balloon the national debt by $5 trillion. Crypto advocates see his stance as a tacit endorsement of Bitcoin, with Coinbase’s CEO suggesting it could become a reserve currency. The White House, however, remains committed to the bill despite Musk’s outcry.
- Elon Musk warns the Republican-backed spending bill could increase US debt by $5 trillion, calling it 'outrageous' and urging public action.
- Crypto leaders like Coinbase’s Brian Armstrong suggest Bitcoin could become a reserve currency if US fiscal policies fail to address debt concerns.
- Tensions between Musk and the Trump administration include rejected proposals for Starlink and disputes over Musk’s government role post-130-day limit.
📎 Related coverage from: crypto-news-flash.com