Elon Musk announced his intention to create a new political party in the U.S. called the 'America Party,' which has garnered wide public support.
Support for the New Party Idea
On July 4, Elon Musk announced his plan to form the 'America Party' following the passage of Donald Trump’s legislation. Recent polls indicate that **over 80%** of respondents support the idea of a new party, with **40% of participants** expressing potential party support.
Crypto Market Response to Musk's Initiative
Musk's initiative has caused a significant reaction in financial markets, particularly among cryptocurrency stakeholders. As of July 4, **Dogecoin (DOGE)** is trading at **$0.17**, reflecting a **3.24%** decrease over the past 24 hours, nearing a market cap of **$24.95 billion**.
Implications for the U.S. Political Landscape
The creation of a new party could influence the existing two-party system in the country. Musk emphasizes that the current situation requires an alternative, especially after the approval of Trump’s 'Big Beautiful Act.' The traditional Democrat-Republican structure may face new challenges.
With Elon Musk's initiative, potential changes in the U.S. political landscape can be anticipated, reflecting a growing dissatisfaction among citizens with existing parties.
