According to posts on X, Elon Musk rejected a Wall Street Journal report that stated he had halted work on the America Party.
He wrote that the story was “inaccurate and deceptive” and instructed followers, “Nothing @WSJ says ought to ever be considered true.”
The pushback landed quick and pushed the dialog in a brand new path.
Crypto Backers Respond Quickly
Some of Musk’s loudest supporters in crypto reacted inside hours. Tim Draper known as Musk “a present to humanity from the gods,” and Mark Cuban had voiced assist earlier this 12 months.
Dogecoin developer DogeDesigner additionally spoke up after Musk’s put up. Based on experiences, these endorsements underline how intently the crypto neighborhood watches Musk’s strikes.
Nothing @WSJ says ought to ever be considered true
— Elon Musk (@elonmusk) August 20, 2025
Musk first unveiled the America Party in July. He framed it as a response to frustration with the US two-party system and stated Bitcoin can be central to the group’s financial concepts.
That hyperlink between a political push and an specific crypto stance was fast, and it retains drawing consideration from buyers and builders.
A Different Kind Of Political Story
Musk’s path via nationwide politics this 12 months has been brief however noisy. He briefly labored inside US President Donald Trump’s orbit because the casual head of the Department of Government Efficiency, D.O.G.E.
My brutally sincere tackle Elon Musk’s new political get together…
I imagine Elon Musk is a present to humanity from the gods. His visions are all encompassing and his strategies are efficient.
As for his political get together, I hope he’s profitable in shrinking the dimensions and the laws…
— Tim Draper (@TimDraper) August 19, 2025
He left the function rapidly, later criticizing a significant legislative effort and at one level elevating considerations tied to the Epstein matter, feedback he later softened.
That cut up left him with fewer ties to get together leaders and extra freedom to form his personal plans.
Midway Marker: Talks And Speculation Continue
Based on experiences, non-public conversations with US Vice President J. D. Vance added gasoline to the hearth. Some observers say Elon Musk might again Vance if he runs in 2028, although nothing formal has emerged.
The hypothesis made the denial much less of an finish and extra of a brand new flip in an ongoing story.
Supporters argue a Musk-led get together might pace Bitcoin adoption and push for smaller authorities and decrease nationwide debt.
Critics level to the laborious work of poll entry, state guidelines, and organizing in early states. Both sides agree on one factor: Elon Musk’s platform and cash give any plan a louder voice than most options.
What To Watch Next
Meanwhile, there have been continued talks, shifting alliances, and shut consideration from crypto circles. Watch for formal organizing steps, named leaders, or marketing campaign filings.
Until then, Musk’s single put up did what it wanted to do: it denied the report and stored the concept of the America Party alive as an lively political merchandise tied to Bitcoin and high-profile supporters.
Featured picture from Alex Wong/Getty Images, chart from TradingView
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