Elon Musk forms the America Party opposing the federal spending bill. The party challenges the Democratic-Republican political dominance. Elon Musk declared his creation of a new political party, the America Party, after he opposed a recent federal spending bill. The billionaire businessman announced the establishment of the party on July 5, 2025, as a new option to the duopoly system of politics in the United States. Musk’s Spending Concerns Drive New Political Movement The move by Musk is based on his aggressive criticism of the so-called One Big Beautiful Bill, a tax-cutting and spending bill that was signed by President Donald Trump. Musk called the bill insane and threatened that should it go through, an America Party would be created the very next day to provide citizens with a VOICE outside of the Democrat-Republican uniparty. He was frustrated by the bipartisanism in spending in government and stressed on the need to be fiscally responsible and have fewer deficits. Source – X On X, Musk stated in a post that if you desire a new political party, you will receive it by a 2:1 ratio. Today, the America Party is being established to reclaim your liberty. This was announced following the public breakup between Trump and Musk who was among those who had given Trump a lot of money in the 2024 election cycle. His previous political involvement is evidenced by the fact that his America Political Action Committee (America PAC) gave more than 270 million dollars in support of Trump and other Republican candidates. This notwithstanding, a recent feud between Musk and Trump escalated on issues concerning the spending bill, where Trump threatened the cutting of federal subsidies to his companies. Musk wants to run against the establishment by campaigning on fiscal conservatism and efficiency in government, and this is because he had been the head of the Department of Government Efficiency under the Trump administration. Challenges Ahead for the America Party Experts argue that the process of establishing a national party entails much complex state laws, ballot access requirements and potential lawsuits. Election lawyer Brett Kappel said Musk could only conceive such an endeavor, which would cost hundreds of millions of dollars and years.All these challenges will not be sufficient to cause the America Party to affect the 2026 midterm elections. In the past, the third-party movements have never had a firm ground in  U.S. politics. The third parties that are formed like the Green Party and Libertarian party that were formed decades ago are unable to get the ballots and voters easily. Political scientists emphasize that the third party movements are usually a byproduct of a popular dissatisfaction, and not a whim of a single wealthy man. The America Party is not even registered formally with the Federal Election Commission as yet, and it is an organization, whose leadership or structure, is not forthcoming. The reaction to social media has been extremely favourable but there is little in the way of institutional reaction. Potential Impact on Political and Financial Markets Although the announcement by Musk has sparked political debates, it has had little impact on financial markets including cryptocurrencies. Historic statements of Musk have previously caused market turbulence, although the recent statistics indicate that there is no instability in large cryptocurrencies such as Bitcoin and Ethereum. The token, Dogecoin, that Musk has already supported, is stable with its slight fluctuations. Formation of the America Party may transform the U.S. political landscape by attracting voters who are not satisfied with two big parties. Nevertheless, the sustainable impact of this new party will be determined by breaking some major structural and regulatory barriers. The post Elon Musk Launches “America Party” Citing Spending Bill Concerns appeared first on Live Bitcoin News.

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