CoinDesk Podcast Network Trump/Musk Feud Continues Over Elon's Subsidies | COINDESK DAILY
Jul 1, 2025
Tensions rise as Donald Trump targets Elon Musk's subsidies, prompting speculation about Tesla stocks. The podcast dives into the implications of Trump's tax proposals and Senator Lummis's amendment on small crypto transactions. It also provides insights into Bitcoin's performance amidst changing financial landscapes and the euro's increasing strength against the dollar. Additionally, discover new innovations in the Bahamut Blockchain, featuring a unique Proof of Staking and Activity consensus mechanism.
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Trump Critiques Musk's Subsidies
- Donald Trump publicly accused Elon Musk's companies of receiving excessive federal subsidies.
- Tesla stock dropped over 6% following these allegations, reflecting market sensitivity.
Proposed Crypto Tax Relief
- Senator Cynthia Lummis proposes waiving taxes on small crypto transactions under $300.
- This aims to ease tax burdens on miners and stakers facing double taxation.
Bahamut Blockchain's Unique Consensus
- Bahamut Blockchain rethinks validator rewards by linking economics to actual usage.
- Their novel Proof of Staking and Activity consensus system incentivizes active validators.