Elon Musk has announced the creation of the America Party, which emphasizes support for Bitcoin. This initiative has come amidst growing dissatisfaction among Americans regarding the country's direction.
Formation of the America Party
On July 6, Musk officially announced the creation of the America Party, calling it a response to the corrupt bipartisan monopoly. In a statement on X, he noted that 'we live in a one-party system.'
Bitcoin as a Central Theme
Musk has long been an advocate for decentralized finance and digital currencies. Tesla still holds 11,509 BTC worth over $1.26 billion. The party claims to be the first political organization in the U.S. founded on Bitcoin's support.
Support and Lack of FEC Registration
The America Party already has a website and support from billionaires like Mark Cuban and Anthony Scaramucci, who have offered to assist Musk. However, as of July 7, the party has not filed with the FEC, which is a requirement for raising funds.
The formation of the America Party may represent a significant event in both politics and the cryptocurrency industry. Given the backing of a globally recognized founder and support from major business figures, further development of this initiative is expected.
