Former U.S. President and current Republican presidential candidate Donald Trump has expressed his willingness to offer tech billionaire Elon Musk a role in his administration if he wins re-election in November. Trump made the comments during an interview with *Reuters* on Monday, praising Musk as a “brilliant” individual.

When asked if he would consider giving Musk a Cabinet position or an advisory role, Trump responded affirmatively. “He’s a very smart guy. I certainly would, if he would do it, I certainly would. He’s a brilliant guy,” Trump said, underscoring Musk’s intelligence and innovative track record.

 Hours after Trump’s remarks, Musk posted on social media an AI-generated image of himself standing at a podium, with American flags in the background. The image was accompanied by the caption, “I am willing to serve.” 

Musk, the CEO of Tesla and SpaceX, has recently leaned toward more conservative views and officially endorsed Trump for president last month. The two figures also engaged in a public discussion when Musk interviewed Trump on his social media platform, X (formerly Twitter), a week ago.

More: The Two Most Talked-About Figures in the U.S. Completely Overlooked Crypto in a Two-Hour Interview

Musk is well-known for his innovations in electric vehicles, space exploration, and AI. However, his willingness to take on a government role remains uncertain. His recent social media post, while playful, referenced the "Department of Government Efficiency (DOGE)," a nod to Dogecoin, the meme-based cryptocurrency Musk has frequently promoted.

Potential Impact on Dogecoin and Markets

Musk’s involvement in a future administration could have wide-ranging implications, including for Dogecoin. Known for his influence on cryptocurrency markets, particularly Dogecoin, any formal announcement regarding Musk’s potential government role could trigger market reactions.

In June 2023, a group of investors filed a lawsuit in Manhattan Federal Court accusing Musk of manipulating Dogecoin's price. The lawsuit alleges that Musk used his public influence and social media presence to artificially inflate Dogecoin's value, benefiting from the volatility he created.

The investors claim that Musk engaged in insider trading by orchestrating a series of events designed to drive up the price of Dogecoin. These events included Musk’s Twitter posts, appearances on television, and other publicity stunts. A notable incident involved Musk’s decision to replace Twitter’s logo with the Dogecoin Shiba Inu logo, which led to a 30% surge in Dogecoin's value. Musk is alleged to have sold Dogecoin worth approximately $124 million during this period, capitalizing on the artificially boosted prices.

Investors and analysts are already speculating whether Dogecoin’s price could rise in response to Musk’s increased political involvement.

For now, both Trump and Musk remain focused on their respective campaigns — Trump on securing re-election and Musk on continuing his work across Tesla, SpaceX, and his social media platform, X. Whether or not Musk ultimately takes on a government role will be determined by the outcome of the election. We shall wait and see, Hodlers! 

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Elon Musk, the self-proclaimed “Troll King,” causes a brief Dogecoin rally with just one word, once again showing his influence on the cryptocurrency market.
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