TREE NEWS update: US President Donald Trump said on October 23 that “geniuses like Elon Musk” need to be protected, adding that Musk “will never do anything wrong.” The remark was reported by Chinese crypto media outlet PANews. Trump did not elaborate on what form that protection would take or what prompted the comment.
Trump says Musk is a ‘genius’ who needs protecting
The remark carries weight mainly because of what it leaves unspecified: no policy, no agency action, no stated trigger, only a personal endorsement delivered through a crypto media relay. For markets already sensitive to any signal about how Washington treats Musk's companies, the absence of detail is the story, since the comment could be read as either routine praise or a hint of informal backing without either being confirmed. Whether any concrete form of "protection" follows, and whether the crypto press remains the primary channel for such remarks, is the open question.
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