Musk refutes Wall Street Journal report that he has canceled the "American Party" initiative.
Recently, Elon Musk took to social media account X to refute a Wall Street Journal report that he had halted the "American Party" initiative, calling it "inaccurate and misleading."
He even bluntly reminded his followers, "Nothing the Wall Street Journal says should be taken as fact."
Musk proposed forming the "American Party" in July of this year in response to Americans' dissatisfaction with the two-party system, emphasizing that Bitcoin would be the party's economic core. This proposal, which directly links political action with cryptocurrency positions, continues to attract the attention of developers and investors.
Although #马斯克 has been active in US politics for a short time this year, he has consistently attracted attention. He briefly joined the Trump administration in an informal position in the Office of Government Efficiency (DOGE) but soon withdrew.
Since then, he has criticized various policies and engaged in discussions on sensitive issues, actions that have reduced his ties to mainstream political parties but opened up more possibilities for his personal political agenda.
Furthermore, recent rumors have claimed that Musk held a private meeting with US Vice President J.D. Vance, sparking speculation that he may support Vance's candidacy in 2028.
While this news has not been officially confirmed, the rumors have made his denial of the false reports less of a clarification and more of a piece in an ongoing political drama.
Supporters generally believe that if Musk successfully forms a political party, it would directly promote Bitcoin adoption and effectively reduce the size of government and the national debt. Critics, however, point out that establishing a new party also faces numerous challenges, including limited voting access, complex election regulations, and extensive grassroots organizing.
Both sides agree that Musk's immense influence and deep pockets make his initiative more likely to succeed than other options.
Currently, negotiations and coalition-building for the "American Party" are ongoing, and expectations are high that the party will make substantial progress in organizational procedures, confirming leadership, and submitting campaign documents.
Regardless of the motivations and outcomes, Musk's political vision for the "American Party" will continue to garner public attention.
