Elon Musk is actively influencing Donald Trump's economic team, advocating for Howard Lutnick as Treasury Secretary over Scott Bessent, whom Musk deems as a 'business-as-usual' choice. Musk's call for Lutnick, a strong Trump supporter, highlights a desire for significant change in economic policy, particularly regarding tariffs and cryptocurrency. Additionally, Musk has echoed Senator Mike Lee's controversial proposal to allow the president to control the Federal Reserve, raising concerns about the independence of the central bank and the impact on market stability. Wall Street is watching closely, especially as banks hope to offload $13 billion in debt linked to Musk's acquisition of X, previously Twitter, amid fears that Musk's political connections may disrupt financial markets. Analysts express mixed feelings about the future of X, with increased user engagement during key events providing some hope against competition from other platforms. Overall, Musk's growing political clout is provoking both optimism and anxiety within financial circles regarding potential reforms and market volatility.