Brief Trump-Musk Feud Sent Shockwaves Through Crypto
Last week’s public spat not only dragged down Tesla stock and Musk’s net worth, but memecoins tied to both of the billionaires, as well.
A policy disagreement between President Donald Trump and Tesla CEO Elon Musk erupted into a public feud on Thursday, June 5, that rattled both traditional and cryptocurrency markets.
The drama seemingly unfolded after Musk publicly denounced Trump’s proposed “Big Beautiful Bill” on Wednesday. The billionaire called it “a disgusting abomination,” in a post on X (formerly Twitter) on June 3. He added: “Shame on those who voted for it: you know you did wrong. You know it.”
The Big Beautiful Bill is a large and controversial government spending proposal from President Trump’s…
