📢 Official Statement from Elon Musk
On July 5, 2025, technology billionaire Elon Musk – CEO of Tesla, SpaceX, and owner of the social media platform X (formerly Twitter) – officially announced the establishment of a new political party in the US called the "America Party."
"The American people deserve a new political choice – one where freedom, reason, and technology are at the center. America Party will be that voice." – Elon Musk wrote on X.
Just one day earlier (July 4), Musk conducted a survey on X with over 1.2 million participants. Result: 65% supported the establishment of a new party to break the monopoly between the Democratic and Republican parties, which he calls the "Uniparty."
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🎯 Impact on the Crypto Market
This event creates much expectation and skepticism from the cryptocurrency community. Below are the potential impacts this move could cause:
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1. 🚀 Positive Sentiment in the Crypto Community
Elon Musk has long been an icon in the cryptocurrency space, especially with tweets that have "made waves" in the DOGE, BTC, and memecoin markets. His deeper involvement in politics opens up hopes for a more open regulatory environment for crypto if his party has a voice in the US Congress.
🗨️ Investors expect: If Musk promotes blockchain-friendly policies, this could create upward price momentum for coins that are being held back by legal barriers.
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2. 💼 Impact on Regulations and Legalization of Crypto
Although the America Party has not announced a specific agenda, Musk is known for his support of new technology and opposition to excessive government intervention. This could:
• Increased chances of legalizing stablecoins.
• Reduce SEC pressure on exchanges.
• Opening the way for new crypto ETFs.
For example: If the America Party wins 8–10 House seats or 2–3 Senate seats as targeted, they could become a significant intermediary force influencing laws related to crypto.
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3. 📉 Short-Term Volatility on Some Coins
Immediately after the announcement, some coins related to Musk, such as:
• DOGE increased by more than 4% within a few hours.
• XRP and TON also receive attention thanks to the community's hopes for improved cross-border payment policies.
• Some new memecoins have taken advantage of this, such as: $MUSK2024, $PARTY, $FREEDOM – however, caution is needed as many projects may just be pump & dump schemes.
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4. 🧠 Long-Term Impact – Needs Monitoring
Although Musk's move draws attention, the actual long-term impact will depend on the America Party's ability to implement its agenda. This is a challenging path because:
• The US has a very strong two-party political system.
• The new party needs to overcome legal barriers to be officially recognized in each state.
• Time is needed to form detailed policies on blockchain, AI, and decentralized finance (DeFi).
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📈 Conclusion
Elon Musk's establishment of the "America Party" is a bold move that not only impacts the American political landscape but also opens a new wave of hope within the cryptocurrency community.
• Positive: Market sentiment is reacting optimistically, expecting legal changes related to crypto.
• Negative: Risks of "hype", short-term speculation, and the emergence of junk coin projects exploiting Musk's name.
👉 Investors should closely monitor the next developments regarding the America Party's policy program, especially those related to blockchain, AI, and financial freedom.