• Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI
• If elected, he will install Elon Musk as head of a new government efficiency commission
• The former U.S. president made these promises while campaigning for the 2024 election
Former U.S. president Donald Trump has said if elected in 2024, he will install Elon Musk as head of a new government efficiency commission focused on “industries of the future” like cryptocurrencies and AI.
Trump’s Statements
At a rally in Anchorage, Alaska, Trump told supporters he would ask Musk to oversee a commission tasked with making government services efficient and cost-effective by applying innovations from sectors like cryptocurrency and artificial intelligence.
Trump said Musk has his full support and confidence to “get the job done right and done quickly.” He touted Musk’s success with Tesla and SpaceX as evidence of his ability to spearhead new technologies.
The former president promised to embrace crypto, AI and other future industries to stimulate economic growth and opportunity. He argued the U.S. must be at the forefront of innovation.
Government Efficiency Plans
Trump said he and Musk would conduct a comprehensive review of all government agencies and departments to identify wasteful spending and outdated processes.
Their goal would be making services more efficient through technologies like blockchain, cryptocurrency, AI and cloud computing. Trump claimed this could save taxpayers “billions and billions of dollars.”
Trump also suggested cryptocurrencies like Bitcoin could play a role in government operations and services in the future.
Reaction
Trump’s pledge to focus on emerging tech drew mixed reactions. Some industry leaders welcomed Trump’s support. Others expressed skepticism about his ability to regulate complex innovations like cryptocurrency given his past statements.
Critics pointed to the risks of relying heavily on technologies like AI without oversight. Ethical concerns around AI and crypto would need addressing.
Overall, Trump’s promise to embrace crypto and AI signaled interest in leveraging innovations to transform government services. But realizing this vision would require concrete policies and expert input.
Conclusion
Trump’s bid to recruit Elon Musk and tap future industries like crypto and AI would represent a bold shift if implemented. With the 2024 race underway, Trump aims to show he grasps the potential of new technologies. But his plan’s viability remains uncertain. The ideas underscore the growing prominence of cryptocurrency and AI across society, however, and how they might transform government one day.
