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Elon Musk was one of the top donors to Trump’s campaign, spending over $270 million of his own money through two Political Action Committees (PACs) that supported Trump’s run and other Republicans, according to Federal Election Commission filings.
In November, the president-elect appointed Musk to lead the new Department of Government Efficiency (Doge), with Vivek Ramaswamy.
H-1B visa controversy
Trump addressed the controversy surrounding the H-1B visa system, which has faced criticism from MAGA supporters, especially with several Indians being appointed to his administration. Trump expressed his support for Elon Musk, who has been defending legal immigration against the critics.
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“I’ve always liked the visas; I have always been in favour of the visas. That’s why we have them,” he told the New York Post.Cryptocurrency surge
Since his victory in the elections, cryptocurrency jumped more than 50 %, surging past $100,000. He said, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!,” on the social media platform Truth Social.
He promised to make the United States the “crypto capital of the planet.”
Trump’s top tech advisors
Trump’s appointments for his upcoming term as the 47th President of the United States have made big news. He named former PayPal COO David Sacks his White House Artificial Intelligence and Crypto Czar. He also announced Bo Hines as the executive director of the Presidential Council of Advisers for Digital Assets, also known as the “Crypto Council,” which will be chaired by Sacks.
Additionally, Trump appointed Chennai-born Sriram Krishnan as the senior policy advisor for artificial intelligence (AI) at the White House Office of Science and Technology Policy (OSTP). Michael Kratsios and Lynne Parker will play key roles alongside other tech appointees focusing on AI and cryptocurrency.
Big tech donation
Several major companies have donated to Trump’s inaugural fund to build a good relationship once he takes charge as the president of the United States. Companies like Amazon, OpenAI, and Meta, the parent company of Facebook and Instagram, have each pledged $1 million to the fund.
TikTok ban
The US government has instructed TikTok to either separate from its Chinese parent company or shut down by January. However, Trump’s continued support for TikTok has raised speculation about possible solutions to prevent the app’s ban in the United States, though the way forward remains uncertain.
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