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Finance Minister Criticizes Elon Musk's Political Ambition
Scott Bessent, the U.S. Secretary of Fintech, criticized Elon Musk and his political initiatives on live television, questioning Musk's level of fame and suggesting that he should focus on business. Bessent's comments highlight the tension between key political figures and technology. Although no immediate financial impact has been detected, this political clash underscores the potential for enhanced regulatory oversight. Scott Bessent criticized Elon Musk on live television, calling him an unpopular figure and questioning his political ambitions. In response, Musk declared "The American Party," aiming for independence in legislative dialogues. Elon Musk noted, "Legislative discussions will be conducted with both parties." No official application has been submitted to this party, although Musk has been heavily promoting on X.
Musk's political trip has attracted significant attention, but no fluctuations in the stock or cryptocurrency markets have been observed. The U.S. fintech market remains unaffected even though Musk has a history of impacting asset prices through social media activities. The cryptocurrency market, especially BTC and DOGE, remains unaffected by this political discourse. The impacts regarding finance and regulation are currently non-existent, with analysts adopting a wait-and-see approach. Regulatory agencies like the SEC and influencers in the community remain silent about these events. Historical trends suggest that Musk's political efforts may follow the pattern of previous tech figures without any significant immediate impact on the market. Most Americans think he is a failure... He simply is not popular enough to carry out a political movement and should instead focus on running his companies.