#MuskAmericaParty This is a major development with the potential for widespread impact on US policy and the market as a whole, including crypto.
The formation of an American party by Musk, if this is true, means Elon Musk is entering the political arena more formally, and that is very significant considering his influence in technology, capital markets, and public opinion.
Musk has previously supported Bitcoin, Dogecoin, and Web3. If the American party adopts a pro-crypto stance, it could potentially support regulatory easing or legalization.
Dyor