$BTC Here’s the latest on Elon Musk’s “America Party” and its evolving impact on the cryptocurrency world:

🗳️ What’s happening?

Launch & Motivation

Musk has officially announced the formation of the America Party following a contentious dispute with former President Trump over the “Big, Beautiful Bill”—a sweeping tax‑and‑spending package he opposes. An X‑poll showed ~65 % of ~1.2 million respondents support the move, prompting Musk to pursue a new centrist alternative targeting key congressional seats

💡 Why crypto matters

Short‑term market jitters

Initial reactions across crypto markets were cautious. Bitcoin slipped ~0.35 % following Musk’s announcement, and traders are wary of potential regulatory backlash or tax reforms tied to his political ambitions

Speculative memecoin boom