Elon Musk Says The Government Shouldn’t Regulate Crypto

Yesterday Tesla ($TSLA@US) CEO Elon Musk said the U.S. government should steer clear of trying to regulate the crypto market. Musk’s comment followed a question from a New York Times columnist during the Code Conference in Beverly Hills, California. Tesla said early this year it purchased $1.5 billion worth of bitcoin. The value of those holdings swelled to about $2.5 billion in the second quarter as Bitcoin ( $60,751.00 ) prices surged. Bitcoin ( $60,751.00 ) has since dropped, along with other cryptocurrencies. Musk has frequently touted his support for various digital coins on Twitter ($TWTR@US).

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