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Elon Musk has once again sent shockwaves through both political and financial circles. In a bold move following his criticism of Trump’s $3.3 trillion spending bill, Musk announced the formation of the “America Party”—a development that could reshape not only U.S. politics but also the crypto markets.

A July 2025 poll of 1.2 million respondents showed 65% support for a new political party, signaling widespread disillusionment with the status quoeportedly aims to flip 2-3 Senate seats and 8-10 House districts, giving the America Party kingmaker potential in tight legislative battles. Notably, the party remains unregistered with election authorities, but Musk’s influence alone is enough to stir markets.