Elon Musk’s launch of the America Party after clashing with Trump over the “One Big Beautiful Bill” could have significant implications for crypto. Musk’s critical stance on government spending may extend to support for decentralized finance, pushing for reduced crypto regulation and greater innovation freedom. If his party promotes pro-crypto policies, it could boost market sentiment and attract tech-savvy voters. However, this move may also increase political polarization around crypto, potentially risking regulatory backlash from traditional parties. Short-term, Musk’s influence could trigger bullish momentum and volatility, especially in Bitcoin and altcoins. If the America Party champions crypto as a tool for financial freedom, it might reshape the U.S. crypto landscape. Still, high uncertainty and political risks remain in the months ahead.
